Sallie Mae has been in the headlines a lot recently. Maybe that’s why it didn’t bother announcing that its top lawyer resigned last week. General counsel Robert Lavet stepped down Jan. 31 after 16 years at the student loan consolidator formally known as SLM Corp.
Lavet’s resignation came three days after Sallie Mae settled a suit against a buyout group that abandoned a $25.3 billion bid for the company. Sallie Mae went to court to force the consortium to go through with the deal or at least pay a $900 million breakup fee. But in the end the company accepted the deal’s demise in exchange for a new credit line from its lenders.
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