#USA #Robbins Geller #San Diego #Class Action #Sallie Mae

Investors of Sallie Mae Have Opportunity to Join Class Action Lawsuit

In a significant development for investors of SLM Corporation, better known as Sallie Mae, the legal firm Robbins Geller Rudman & Dowd LLP is inviting those who experienced substantial financial losses to consider leading a class action lawsuit against the company. The opportunity arises as the firm files the class action lawsuit captioned Zappia v. SLM Corporation a/k/a Sallie Mae due to serious allegations concerning violations of the Securities Exchange Act of 1934.

Key Dates and Class Period

The crucial timeline for interested participants is clearly defined. Investors who acquired SLM securities between July 25, 2025, and August 14, 2025 are eligible to seek appointment as the lead plaintiff in this class action lawsuit. Those wishing to be considered must act before the deadline of February 17, 2026.

Allegations Against SLM

The lawsuit outlines serious accusations against SLM and specific top executives, asserting that during the class period, the defendants issued misleading statements and failed to disclose critical information. The allegations highlight that SLM was experiencing a notable rise in early-stage delinquencies, contradicting prior assurances about their loan management strategies.

In particular, a report released by TD Cowen on August 14, 2025 raised alarms regarding SLM’s delinquency rates, stating that these rates increased significantly compared to typical seasonal trends. This was in stark contrast to previous claims made by SLM's Chief Financial Officer, Peter M. Graham, who had asserted earlier in July that delinquency rates were proceeding normally. Following this adverse information, SLM's stock price reportedly saw a drop of around 8%, further affecting shareholders' investments.

The Role of Lead Plaintiffs

The Private Securities Litigation Reform Act of 1995 enables any investor who suffered losses during the alleged class period to file for lead plaintiff status. Acting as lead plaintiff entails representing the interests of all individuals within the class and directing the litigation process. It should be noted that participating as a lead plaintiff does not impact an investor's eligibility for any potential recovery in the future outcome of the lawsuit.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is a globally recognized law firm with an impressive successful track record in securities fraud and shareholder litigation cases. Throughout the past five years, the firm has consistently ranked at the top for obtaining financial relief for investors, securing over $2.5 billion in securities class actions alone in 2024. This level of success underscores the firm’s experience and capability in navigating complex securities litigation.

For those interested in exploring the opportunity to participate in this class action, further information and procedures are readily available via Robbins Geller’s dedicated website. Investors can also directly reach out to attorney J.C. Sanchez for further guidance.

Conclusion

This announcement serves as a pivotal chance for affected investors of Sallie Mae to stand up and seek redress for their losses. The actions taken in the upcoming weeks may hold significant implications for all involved. Those who have incurred losses during the specified class period are encouraged to act promptly to assert their rights and consider joining the class action before the deadline arrives.