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Shark Tank backed Scholly founder sues Sallie Mae over termination and student data claims
Business
Published on 28 April 2026
He alleges Sallie Mae sold student data via a subsidiary
Chris Gray, founder of Shark Tank backed Scholly, is suing acquirer Sallie Mae for wrongful termination. He also alleges the company is selling student data through a subsidiary, a claim Sallie Mae denies while vowing to fight. The lawsuit raises fresh questions about how student information is handled after acquisitions.
- Scholly founder Chris Gray sues acquirer Sallie Mae
- Claim includes wrongful termination
- Gray alleges student data sales via a subsidiary
- Sallie Mae denies the allegations and plans to fight
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