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Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae

Gray alleges Sallie Mae laid off Scholly’s founders and sold users’ personal data, including minors’ information, without proper disclosure.

Summary by TechCrunch
Chris Gray is suing his startup’s acquirer, Sallie Mae, for wrongful termination and alleging it's selling student data through a subsidiary. Sallie Mae denies the allegations and vows to fight.

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TechCrunch broke the news in United States on Tuesday, April 28, 2026.
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