Borrowers Denied Cert. In Sallie Mae Student-Loan Case

Law360, San Francisco (March 24, 2014, 9:16 PM EDT) -- A California federal judge on Monday refused to certify a proposed class action seeking to represent approximately 100,000 California student-loan borrowers who say Sallie Mae Inc. illegally charged them late fees or excessive interest, finding some of the potential subclasses insufficiently similar.

U.S. District Court Magistrate Judge Elizabeth LaPorte said in Monday's ruling that the proposed groupings, including a class accusing Sallie Mae of using an “unenforceable” choice of law class and two subclasses of borrowers who say they were charged illegal late fees and excessive...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Ubaldi v. SLM Corporation


Case Number

3:11-cv-01320

Court

California Northern

Nature of Suit

Other Statutory Actions

Judge

Elizabeth D. Laporte

Date Filed

March 18, 2011

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.