SLM Investors Reminded of Feb. 17 Deadline to Seek Lead-Plaintiff Role in Securities Case
The lawsuit claims Sallie Mae concealed a jump in early-stage delinquencies and overstated the strength of its loss‑mitigation and loan‑modification programs.
Overview
- Faruqi & Faruqi joined Robbins LLP, Rosen Law Firm, DJS Law Group, and The Schall Law Firm in urging eligible investors to consider moving for lead-plaintiff status by February 17, 2026.
- The putative class covers purchasers of SLM securities from July 25, 2025 through August 14, 2025, when the alleged misstatements were made.
- Complaints contend SLM understated deteriorating private education loan performance by failing to disclose a significant rise in early-stage delinquencies.
- A TD Cowen report on August 14, 2025 highlighted July delinquencies up 49 basis points month over month, driven by a 45 bp increase in early-stage delinquencies, after executives had described trends as normal seasonality.
- Following the TD Cowen note, SLM shares fell 8.09% to $30.32 on August 15, 2025; no class has been certified and investors are not represented unless they retain counsel.