Berger Montague Class Action Lawsuit for Sallie Mae Investors
Berger Montague PC, a well-known plaintiffs' law firm based in Philadelphia, is taking steps to protect investors following the filing of a class action lawsuit against SLM Corporation, commonly known as Sallie Mae (NASDAQ: SLM). This legal action addresses concerns raised by investors regarding the company’s financial reporting during a specific period.
The Allegations Against Sallie Mae
The class action lawsuit alleges that Sallie Mae deliberately misled its investors about rising loan delinquencies. According to the filing, the company failed to disclose critical information which indicated a significant increase in the number of early-stage loan delinquencies. While the firm assured stakeholders that these results were typical for the season, the truth appears to be quite different.
Impact of the Delinquency Spike
Compounding these issues, a report published by TD Cowen, on August 14, 2025, indicated a concerning rise in July delinquencies, highlighting a 49 basis points increase compared to the previous month. This disclosure led to a notable drop in SLM's stock price, decreasing by $2.67 per share, approximately 8.09%, to close at $30.32 on August 15, 2025.
Importance of Investor Participation
Investors who purchased Sallie Mae securities during the specified timeframe are encouraged to understand their rights and consider participating in the class action. The deadline to seek lead plaintiff representation is approaching. Prospective investors should reach out for detailed instructions on how to get involved and safeguard their interests.
Contacting Berger Montague
For those interested in learning more about this legal action or participating, Berger Montague urges investors to contact Senior Counsel Andrew Abramowitz or Director of Portfolio & Institutional Client Monitoring Services, Caitlin Adorni. They are dedicated to providing necessary information and assistance regarding the class action.
About Berger Montague
Berger Montague has a strong reputation in the realm of complex civil litigation. Over the past 55 years, the firm has successfully represented clients in class actions and mass torts across multiple jurisdictions in the United States, recovering more than $50 billion for their clients. Their expertise includes several areas of law, such as antitrust, consumer protection, and securities litigation.
Notably, the firm has achieved significant financial judgments, totaling over $2.4 billion in post-trial verdicts as of 2025. With multiple offices across key cities in the United States and Canada, Berger Montague is committed to maintaining its standing as a leader in the field.
Frequently Asked Questions
What is the class action lawsuit against Sallie Mae about?
The lawsuit alleges that Sallie Mae misled investors about the true state of its loan delinquencies.
How can investors participate in the class action?
Investors need to contact Berger Montague to understand their rights and the steps to participate.
What caused the decline in Sallie Mae's stock price?
A report revealing a significant increase in loan delinquencies led to the stock decline.
Who can be a lead plaintiff in the class action?
Investors who purchased securities within the defined period may seek to be lead plaintiffs.
What should investors do next?
Contact Berger Montague for more information and guidance on how to proceed with the class action.
