#USA #New York #The Gross Law Firm #securities lawsuit #SLM Corporation

SLM Corporation Faces Class Action Lawsuit

SLM Corporation (NASDAQ: SLM) is facing a significant class action lawsuit filed by The Gross Law Firm, targeting shareholders who bought shares within a specified timeframe from July 25 to August 14, 2025. The law firm has issued a notice urging affected shareholders to reach out and discuss their rights before the imminent deadline of February 17, 2026.

Allegations Against SLM Corporation

The lawsuit alleges that SLM Corporation made materially false and misleading statements, which government entities now claim misrepresented the company's financial health. Specifically, it is alleged that SLM was experiencing an unexpected rise in early-stage delinquencies, and this increase was not disclosed to investors. Consequently, the allegations also suggest that SLM overstated the effectiveness of its loss mitigation and loan modification programs, diminishing the true state of their private education loan delinquency rates. The misleading information provided by the company led to a false impression of stability surrounding SLM's business operations.

Key Dates to Remember

The deadline for shareholders to register in this class action is set for February 17, 2026. Those who register will gain access to portfolio monitoring software, ensuring they remain informed about the case's developments throughout its progression. Although any registered shareholders can participate, it is essential to note that becoming a lead plaintiff requires no additional steps beyond registration.

Why You Should Consider Joining

The Gross Law Firm emphasizes the importance of protecting the rights of investors who have suffered losses due to fraudulent or misleading business practices. They aim to recover losses for shareholders who were potentially affected by the actions of SLM Corporation. Joining this class action allows investors to collectively hold the company accountable for any misrepresentation and provides a platform for those impacted to seek redress.

Next Steps for Affected Shareholders

Shareholders who believe they are directly affected by these allegations are encouraged to take immediate action by registering through the provided links. The Gross Law Firm assures that participating in the class action comes without financial obligation, and there is no cost incurred in the registration process.

The Gross Law Firm's Reputation

The Gross Law Firm has established itself as a respected entity in class action lawsuits, aiming to stand up for the rights of investors. Their mission is not only about recovery but also about ensuring that companies adhere to responsible business practices and uphold their commitment to transparency. Investors are reminded that past successes in lawsuits do not guarantee future results, and individual scenarios may vary.

Closing Thoughts

As this lawsuit gains traction, affected shareholders must stay informed and proactive about their legal rights. For those who purchased shares of SLM Corporation during the class action period, reaching out to The Gross Law Firm for guidance is a crucial step toward possibly recovering any losses incurred due to alleged misrepresentation or fraudulent activities by SLM. Be sure to register before the outlined deadline to ensure your place in this class action.

For further inquiries, please contact The Gross Law Firm at their New York office or visit the links provided for online registration.