Top entities: Intercontinental Exchange — Ellie Mae, Sallie Mae, Peter M. Graham, Toronto-Dominion Bank — TD Cowen, Levi & Korsinsky.

What category does this event fall under?

Business — classified as class action.

What is the sentiment of coverage?

Aggregate sentiment score: -50 on a -100 to +100 scale (negative = critical coverage, positive = favorable coverage).

Is this event still developing?

This event is archived — the story has concluded and this page is a final snapshot.

Business class action

Sallie Mae Class Action Lawsuits

Q: When did this event occur?

First reported Dec 20, 2025; last updated Feb 01, 2026.

Q: What is the market impact?

General. The class action lawsuit against Intercontinental Exchange — Ellie Mae alleging misleading statements about its loan delinquency rates could negatively impact its stock price and investor confidence.

Analysis based on 50 articles · First reported Dec 20, 2025 · Last updated Feb 01, 2026

Sentiment

-50

Attention

Articles

Market Impact

General

Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

Market Impact

The class action lawsuit against Intercontinental Exchange — Ellie Mae alleging misleading statements about its loan delinquency rates could negatively impact its stock price and investor confidence. The involvement of multiple prominent investor rights law firms like Rosen Law Firm, The Gross Law Firm, and Levi & Korsinsky indicates a significant legal challenge for Intercontinental Exchange — Ellie Mae, potentially leading to substantial financial liabilities.

Financial services Legal services

Event Summary

Intercontinental Exchange — Ellie Mae is facing multiple class action lawsuits from investor rights law firms, including Rosen Law Firm, The Gross Law Firm, and Levi & Korsinsky. These lawsuits allege that Intercontinental Exchange — Ellie Mae made false and misleading statements between July 25, 2025, and August 14, 2025, regarding a significant increase in early-stage delinquencies and the effectiveness of its loss mitigation and loan modification programs. Investors claim that Intercontinental Exchange — Ellie Mae's public statements created a materially false impression of its business, operations, and prospects, leading to investor damages. The deadline for investors to move the Court to serve as lead plaintiff is February 17, 2026.

Entities Involved

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Intercontinental Exchange — Ellie Mae

Intercontinental Exchange — Ellie Mae is the defendant in a class action lawsuit alleging misleading statements about its loan delinquency rates and loss mitigation programs, which could lead to significant financial penalties and reputational damage.

Importance 100.0 Sentiment -70.0

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Sallie Mae

Sallie Mae is the defendant in a class action lawsuit, accused of making false and misleading statements regarding its private education loan delinquency rates, which could lead to significant financial and reputational damage.

Importance 100.0 Sentiment -70.0

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Peter M. Graham

Peter M. Graham, CFO of Sallie Mae, is named as a defendant in the class action lawsuit for allegedly making misleading statements about delinquency rates.

Importance 70.0 Sentiment -60.0

subs

Toronto-Dominion Bank — TD Cowen

Toronto-Dominion Bank — TD Cowen is an investment bank that issued a report on August 14, 2025, flagging a significant increase in Sallie Mae's early stage delinquencies, which contradicted statements made by Sallie Mae's CFO.

Importance 50.0 Sentiment 20.0

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Levi & Korsinsky