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

TechCrunch • Tue, 28 Apr 2026

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

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.

What happened?

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.

Story details

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.

Why it matters

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Original source

https://techcrunch.com/2026/04/28/founder-of-shark-tank-backed-startup-scholly-sues-his-acquirer-sallie-mae/