Borrowers Seek Cert. In Sallie Mae Student Loan-Fee Suit
By Kurt Orzeck
Law360, Los Angeles (October 23, 2013, 4:11 PM ET) -- Student loan borrowers alleging Sallie Mae Inc. charged illegal late fees asked a California federal judge Tuesday to certify a class of at least 100,000 individuals in their lawsuit, saying they meet commonality requirements because their loans were materially similar.
Plaintiffs and class members are California residents who, on or after Jan. 1, 1996, signed promissory notes to borrow money from Sallie Mae to pay for the cost of their education at schools in California, Tuesday's motion said.
Tina M. Ubaldi and Chanee Thurston, California students...