Philadelphia, Pennsylvania--(Newsfile Corp. - January 9, 2026) - National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed against SLM Corporation a/k/a Sallie Mae (NASDAQ: SLM) ("Sallie Mae" or the "Company") on behalf of investors who purchased or otherwise acquired Sallie Mae securities during the period of July 25, 2025 through August 14, 2025 (the "Class Period"), inclusive.
Investor Deadline: Investors who purchased Sallie Mae securities during the Class Period may, no later than February 17, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.
Sallie Mae, based in Newark, Delaware, originates and services private education loans (PELs) for families and students.
The lawsuit alleges that during the Class Period, Sallie Mae misled investors concerning the Company's loan delinquencies. The complaint claims that Sallie Mae was experiencing a rise in early-stage delinquencies, but defendants told investors that these trends were typical for the season and praised the effectiveness of enhanced loss mitigation and loan modification strategies.
When the truth about the Company's loan delinquencies was revealed, the Company's stock dropped $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025.
If you are a Sallie Mae investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.
About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
For more information or to discuss your rights, please contact:
Andrew Abramowitz
Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com
Caitlin Adorni
Director of Portfolio & Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
cadorni@bergermontague.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279908
Source: Berger Montague
