Attention Shareholders: Securities Fraud Class Action Announcement from Bernstein Liebhard LLP

On December 29, 2025, Bernstein Liebhard LLP reported that a class action lawsuit had been filed by a shareholder on behalf of investors who had purchased or acquired securities of SLM Corporation, also known as Sallie Mae, between July 25, 2025, and August 14, 2025. The lawsuit alleged that the defendants had misrepresented the effectiveness of SLM’s loss mitigation and loan modification programs, as well as the stability of the company’s private education loan delinquency rates.

The complaint stated that shareholders who wished to participate as lead plaintiffs needed to file by February 17, 2026. A lead plaintiff would act as a representative party for other class members in directing the litigation and could share in any recovery if successful. Shareholders were also informed that representation in the case was on a contingency fee basis, meaning they would not have to pay any fees or expenses.

Bernstein Liebhard LLP, a law firm with a track record of recovering over $3.5 billion for its clients since 1993, was overseeing the legal proceedings. The firm had experience representing individual investors and large public and private pension funds, and had been recognized for its success in litigating numerous class actions.

Despite the legal nature of the case, the firm emphasized that prior results did not guarantee the outcome for any future matters. Interested parties were encouraged to visit the SLM Corporation Shareholder Class Action Lawsuit website or contact Investor Relations Manager Peter Allocco for further information. The firm’s contact information was provided for those seeking legal advice or wishing to discuss their rights and options regarding the lawsuit.

Overall, the lawsuit shed light on alleged misrepresentations made by the defendants regarding SLM Corporation’s programs and loan delinquency rates. Shareholders who had incurred losses during the specified period were urged to consider joining the class action lawsuit to protect their interests and potentially recover damages. The legal proceedings highlighted the importance of ensuring transparency and accountability in the financial sector to safeguard investors and maintain market integrity.