Core Viewpoint - A class action lawsuit has been filed against Lincoln National Corporation for allegedly misleading investors regarding its Variable Universal Life (VUL) business, leading to overstated financial results and reserves [2][3]. Group 1: Allegations - The lawsuit claims that during the class period, Lincoln National failed to disclose a decline in its VUL business [2]. - It is alleged that the goodwill associated with the life insurance business was overstated as a result of this decline [2]. - The company's policy lapse assumptions were outdated, leading to further misstatements in financial reporting [2]. - Consequently, the company's reserves were also overstated, impacting the accuracy of reported financial results [2]. Group 2: Impact on Stock Price - Following the revelation of these issues in the third quarter 2022 financial results, Lincoln National's stock price dropped by $17.27, or 33%, closing at $34.83 per share on November 3, 2022 [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file motions by June 18, 2024, to serve as lead plaintiff [4]. - It is noted that shareholders do not need to participate in the case to be eligible for recovery [4]. Group 4: About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [5].

LOS ANGELES, June 05, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming June 24, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Lincoln National Corporation ("Lincoln National" or the "Company") (NYSE: LNC) securities between November 4, 2020 and November 2, 2022, inclusive (the "Class Period"). If you suffered a loss on your Lincoln National investments or would like to inquire a ...

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lincoln National Corporation ("Lincoln National" or the "Company") (NYSE: LNC) and reminds investors of the June 24, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceedin ...

https://securitiesclasslaw.com/securities/lincoln-national-loss-submission-form/?id=82726&from=4 CLASS PERIOD: November 4, 2020 to November 2, 2022 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing a decline in its variable universal life insurance business; (2) as a result, the goodwill associated with the life insurance business was overstated; (3) as a result, th ...

Lincoln National Corporation (LNC) shares have soared 47.7% in the past year. The stock has outperformed the industry's 24.3% increase, the 23.8% growth of the Finance sector and the 23.5% rise of the S&P 500 Index. Based in Radnor, PA, Lincoln National is a diversified life insurance and investment management company. With a market capitalization of $5.7 billion,the average volume of shares traded in the last three months was about 1.8 million. A fast-recovering Group Protection business, improving fixed a ...

LOS ANGELES, June 04, 2024 (GLOBE NEWSWIRE) -- 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 ...

LOS ANGELES, June 4, 2024 /PRNewswire/ -- 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 ...

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Do you, or did you, own shares of Lincoln National Corporation (NYSE: LNC)? Did you purchase your shares between November 4, 2020 and November 2, 2022, inclusive? Did you lose money in your investment in Lincoln National Corporation? Do you want to discuss your rights? Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Lincoln National Cor ...

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- __________________ WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lincoln National Corporation (NYSE: LNC) between November 4, 2020 and November 2, 2022, both dates inclusive (the "Class Period"), of the important June 24, 2024 lead plaintiff deadline. SO WHAT: If you purchased Lincoln National securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs throu ...

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 ...