Portnoy Law Firm Announces Class Action on Behalf of SLM Corporation a/k/a Sallie Mae Investors

LOS ANGELES, Feb. 03, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises  SLM Solutions Corporation a/k/a Sallie Mae, (“ SLM Solutions ” or the "Company") (NASDAQ: SLM Solutions , SLMBP) investors off a class action on behalf of investors that bought securities between July 25, 2025 and August 14, 2025, inclusive (the “Class Period”). SLM Solutions investors have until February 17, 2026 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/SLM-corporation. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The  SLM Solutions  class action lawsuit alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) SLM Solutions was experiencing a significant increase in early stage delinquencies; and (ii) accordingly, defendants overstated the effectiveness of SLM Solutions ’s loss mitigation and/or loan modification programs, as well as the overall stability of SLM Solutions ’s PEL delinquency rates.

The  SLM Solutions  investor class action further alleges that on August 14, 2025, investment bank TD Cowen issued a report addressing SLM Solutions , flagging that, “[o]verall, July [2025] delinquencies were up 49 bp m/m, higher (worse) than the seasonal (+10 bps) performance for July, driven by a 45 bps increase in early stage delinquencies.”  Notably, TD Cowen’s findings directly contradicted assurances made by SLM Solutions ’s CFO, defendant Peter M. Graham – made late in the month of July 2025 – that defendants were observing delinquency rates that “really are following the normal seasonal trends we would expect in the business,” the complaint alleges.  Following this news, the price of SLM Solutions ’s stock fell by approximately 8%, the  SLM Solutions  shareholder class action claims.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA , NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

Attorney Advertising