{"url":"https://newsforagent.com/news/2026-10-24/levi-korsinsky-slm-investigation","markdown_url":"https://newsforagent.com/news/2026-10-24/levi-korsinsky-slm-investigation.md","title":"Levi & Korsinsky Opens SLM Investigation","headline":"Levi & Korsinsky Investigates SLM Corporation After Lender Pauses Third-Party Recovery Work","description":"Levi & Korsinsky is investigating SLM Corporation after the lender paused most third-party recovery activities and Q3 net charge-offs reached $90.4 million.","section":"Legal & Disputes","published_at":"2026-10-24T00:51:58+00:00","modified_at":"2026-10-24T00:51:58+00:00","author":"News Desk","key_takeaways":["SLM Corporation paused the majority of its third-party recovery activities, disclosed in its Form 10-Q filed after-market on October 22, 2026.","SLM's third-quarter net charge-offs reached $90.4 million, and net charge-offs for the first nine months of 2026 reached $292 million.","Levi & Korsinsky is investigating whether SLM adequately disclosed how changes to its collection and recovery practices could affect credit losses."],"companies":[{"name":"Levi & Korsinsky","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00026sm/levi-korsinsky","website":"http://www.zlk.com"},{"name":"Sallie Mae","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000dfzx/sallie-mae","website":"https://www.salliemae.com"}],"source":{"publisher":"PR Newswire","title":"SLM Corporation Investigation Notice: Levi & Korsinsky Notifies Investors of Pending Investigation Into SLM Corporation (SLM)","url":"https://www.prnewswire.com/news-releases/slm-corporation-investigation-notice-levi--korsinsky-notifies-investors-of-pending-investigation-into-slm-corporation-slm-302918503.html"},"other_sources":[],"tags":["Legal & Disputes","Levi & Korsinsky","Sallie Mae"],"body_markdown":"[Levi & Korsinsky](https://akta.pro/company-profiles/00026sm/levi-korsinsky) is investigating potential securities law violations by SLM Corporation after the student lender paused most of its third-party recovery activities and reported $90.4 million in third-quarter net charge-offs. The investigation notice was published by [PR Newswire](https://www.prnewswire.com/news-releases/slm-corporation-investigation-notice-levi--korsinsky-notifies-investors-of-pending-investigation-into-slm-corporation-slm-302918503.html) on October 23, 2026.\n\n## SLM's Recovery Pause and Charge-Off Guidance\n\nSLM disclosed the recovery pause in its Form 10-Q, filed after-market on October 22, 2026, stating it was \"pausing the majority of third-party recovery activities while we continue to develop and implement a more effective, customer-aligned approach.\" Net charge-offs for the first nine months of 2026 reached $292 million, up from $248 million in 2025. SLM reduced its annual guidance projection by more than a third and increased its full-year net charge-off guidance by $35 million to a range of $400 million to $420 million. Levi & Korsinsky is investigating whether SLM may not have adequately disclosed how changes to its collection and recovery practices could affect credit losses. Investors who purchased SLM stock or securities and suffered financial losses may be eligible to participate, and eligibility is based on purchase date and documented losses rather than whether they still hold the shares. Joseph E. Levi, Esq. can be contacted by email or by telephone at (212) 363-7500.\n\n## Levi & Korsinsky's Portfolio Monitoring Platform\n\nLevi & Korsinsky, a U.S. plaintiffs' securities litigation law firm founded in 2003, operates from five offices and represents investors in securities class actions, derivative suits and M&A litigation on a contingency-fee basis, according to akta.pro [company records](https://akta.pro/company-data). The firm has integrated a SnapTrade-powered L&K Portfolio Monitor that provides automated brokerage-linked portfolio tracking and personalized class action eligibility alerts across more than 20 brokerages. The same records show total settlement funds currently available across active cases and settlements of $486.7 million or more.\n\n## Levi & Korsinsky's Recent Investigation Notices\n\nLevi & Korsinsky announced on October 21, 2026 that it had commenced an investigation of RingCentral, Inc. concerning possible breaches of fiduciary duties by certain officers and directors, PR Newswire reported. On October 9, 2026, the firm notified stockholders of an investigation into the fairness of Priority Technology Holdings' acquisition by its largest stockholder, Thomas C. Priore, according to PR Newswire. Levi & Korsinsky announced on October 8, 2026 an investigation into Construction Partners, Inc. for possible breaches of fiduciary duties, PR Newswire reported.\n\n## What Comes Next for SLM Investors\n\nInvestors may submit their SLM loss details for a no-cost, no-obligation evaluation of potential recovery, and no immediate action is required to remain eligible to participate in the investigation. Participating in the investigation does not require court appearances or depositions.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}