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.