SLM Securities Class Action Moves Into Lead-Plaintiff Phase With Feb. 17 Deadline

Overview

• Levi & Korsinsky, the Portnoy Law Firm, and Bronstein, Gewirtz & Grossman issued notices on January 2 urging SLM investors to seek lead-plaintiff status by February 17, 2026.
• The filed complaint concerns purchases of SLM securities between July 25, 2025 and August 14, 2025.
• Plaintiffs allege SLM faced a significant rise in early-stage delinquencies and overstated the effectiveness of loss‑mitigation and loan‑modification programs.
• The suit cites an August 14, 2025 TD Cowen report noting July delinquencies rose 49 basis points month over month, driven by a 45 bp increase in early-stage delinquencies.
• The report allegedly contradicted late‑July comments from CFO Peter M. Graham about normal seasonal trends, and SLM shares fell roughly 8% after its release.