#None #Class Action #Pomerantz Law Firm #SLM Corporation

Pomerantz Law Firm Files Class Action Against SLM Corporation

Pomerantz LLP, one of the leading law firms specializing in corporate and securities class litigation, has announced the filing of a significant class action lawsuit against SLM Corporation, commonly known as Sallie Mae. This lawsuit also names several officers of SLM as defendants. The legal action was formally opened in the United States District Court for the District of New Jersey, under docket number 25-cv-18834, and is directed towards all individuals and entities that invested in SLM securities between July 25, 2025, and August 14, 2025.

The class action centers around allegations that the defendants violated federal securities laws, specifically sections 10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5. The lawsuit seeks to recover damages incurred by these violations, asserting that misleading statements were made about SLM's loan delinquency rates and overall business health.

Background on SLM Corporation

SLM Corporation is primarily engaged in the origination and servicing of private education loans (PELs) to students and their families. The company claims to maintain high-quality standards in its loans and provides various loan modification and loss mitigation programs aimed at enhancing the repayment rates of its borrowers. Understanding the stability of SLM’s private education loans is crucial for investors, as any increase in delinquency rates can directly impact the company’s profitability and overall business outlook.

During the Class Period, it was reported that SLM's delinquency rates began to rise. However, executives from the company, including Executive Vice President and Chief Financial Officer Peter M. Graham, attributed this spike to