Seattle Federal Court Judge Approves Settlement of Sallie Mae Class Action
Meyer Wilson is pleased to announce the final approval of a nationwide
settlement against Sallie Mae, Inc. Filed in 2010, the settled class consists
of all persons whom, on or after October 27, 2005 and through September
14, 2010, Sallie Mae, Inc. or any other affiliate or subsidiary of SLM
Corporation placed a non-emergency telephone call to a cellular telephone
through the use of an automated dialing system and/or an artificial or
prerecorded voice. The nationwide settlement approved by the federal court
in September 2012 represents a significant recovery for class members.
Sallie Mae agreed to pay $24.25 million into a settlement fund, out of
which eligible class members who filed timely and valid claims will receive
a monetary award in the form of cash or a reduction to an outstanding loan.