NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Lincoln National Corporation ("Lincoln National" or "the Company") (NYSE: LNC) for violations of the federal securities laws on behalf of investors who purchased or acquired Lincoln National common stock between November 4, 2020 and November 2, 2022, inclusive (the "Class Period"). On April 23, 2024, a complaint was ...

On this news, the price of Lincoln's shares fell by $17.27, or 33.2%, to close at $34.83 per share on November 3, 2022, on unusually heavy trading volume. The case is Meade v. Lincoln National Corporation, et al., No. 24-cv-01704. About Kahn Swick & Foti, LLC NEW ORLEANS, May 24, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 24, 2024 to file lead plaintiff applications in a securitie ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lincoln National Corporation regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial health during a specified period [1][2]. Group 1: Allegations - The complaint alleges that during the class period from November 4, 2020, to November 2, 2022, Lincoln National Corporation made materially false and misleading statements [1]. - Specific allegations include a decline in the variable universal life insurance business, overstated goodwill, outdated policy lapse assumptions, and overstated reserves [1]. - As a result of these issues, the company's reported financial results and statements were misstated, leading to misleading positive statements about its business and prospects [1]. Group 2: Class Action Details - Shareholders who purchased shares of Lincoln National Corporation during the class period are encouraged to register for the class action, with a deadline of June 24, 2024, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Alistair Berg It was another stellar quarter for domestic annuity sales. According to LIMRA, total US annuity sales totaled $113.5 billion from January through March, a 21% jump from the same period a year earlier. It was barely under Q4 2023's record sum and the strongest first quarter since LIMRA began tracking data in the 1980s. There continues to be strong demand for protective investment solutions, be they annuities, structured notes, or buffered ETFs. Insurance providers appear to be in a sweet spot, ...

Core Insights - Lincoln National Corporation (LNC) has expanded its partnership with EvolutionIQ to improve its offerings in the disability insurance sector, particularly focusing on short-term disability after a successful collaboration in long-term disability that achieved an average customer satisfaction of 91% [1][2]. Group Protection Business - The integration of human-in-the-loop AI technology in LNC's disability claims processes signifies a strategic shift aimed at streamlining operations and enhancing outcomes, which is expected to improve claims management analytics and provide timely insights to claims professionals [2][3]. - The company is committed to investing in capabilities that enhance claim outcomes, which is anticipated to improve customer retention and attract new clients [3]. Financial Performance - LNC's Group Protection business has seen a 2.7% year-over-year increase in premiums in the first quarter of 2024, alongside a 12.5% improvement in sales across various product and market segments [4]. - The timely support and intervention for claimants are projected to reduce the duration and severity of claims, leading to lower claim costs and improved profitability [4]. Stock Performance - Over the past year, shares of Lincoln National have increased by 40.3%, outperforming the industry average growth of 25.4% [5].

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its ...

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lincoln National Corporation (NYSE: LNC). Shareholders who purchased shares of LNC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: [email protected] Phone: (646) 45 ...

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Lincoln National and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On November 2, 2022, post-market, the Company released its 3Q 2022 financial results, disclosing a net loss of $2.6 billion for the quarter, compared to a net income of $318 million for the third quarter of 2021 the previous year, due to "net unfavorable notable items of $2.0 billion, or $11.62 per share, related to the company's annual review o ...

Lincoln National Corporation (LNC) recently introduced Lincoln Level Advantage 2SM index-linked annuity, which is an upgraded version of its Lincoln Level Advantage product. This new product is the first in the industry to track Capital Group's active ETF performance. This move bodes well for the company, as enhancement in its offerings is expected to help it retain and grow its customer base. This move highlights LNC's efforts to stay up-to-date and meet investors' needs with innovative features. LNC is en ...