June 24, 2024 Newswires

LNC Investors Have Opportunity to Lead Lincoln National Corporation Securities Fraud Lawsuit with the Schall Law Firm

Business Wire

LOS ANGELES--(BUSINESS WIRE)--
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lincoln National Corporation (“Lincoln National” or “the Company”) (NYSE: LNC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 4, 2020 and November 2, 2022, inclusive (the “Class Period”), are encouraged to contact the firm before June 24, 2024.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Lincoln National suffered from a decline in its variable universal life insurance business. Due to this decline, the Company’s goodwill associated from its life insurance business was overstated. The Company’s policy lapse assumptions were out of date. Therefore, the Company’s reserves were overstated. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Lincoln National, investors suffered damages.