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News  ›  GlobeNewswire Inc.

Bronstein, Gewirtz & Grossman LLC Urges SLM Corporation Investors to Act: Class Action Filed Alleging Investor Harm

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges SLM Corporation Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against SLM Corporation alleging that company executives made materially false and misleading statements regarding the company's business operations between July 25 and August 14, 2025. The complaint claims SLM concealed a significant increase in early-stage delinquencies and overstated the effectiveness of its loss mitigation programs, artificially inflating stock prices. Investors who suffered losses have until February 17, 2026, to request lead plaintiff status.

Insights
FLYE   negative

Experienced substantial revenue decline due to lithium battery safety concerns and retail store closures

SLM   negative

The company is the subject of a securities fraud class action lawsuit alleging material misstatements about business operations, concealment of rising delinquencies, and overstatement of loan modification program effectiveness. These allegations indicate serious corporate governance and disclosure failures that harmed investors.

Keywords
#class action lawsuit #securities fraud #SLM Corporation #loan delinquencies #investor losses #false statements #lead plaintiff deadline

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SLM SLMBP
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