ROSEN, NATIONAL TRIAL LAWYERS, Encourages Lincoln National Corporation Investors to Secure Counsel Before Important June 24 Deadline in Securities Class Action – LNC

Core Viewpoint - Lincoln National Corporation is facing a lawsuit due to allegations of materially false and misleading statements regarding its variable universal life insurance business, leading to overstated financial results and reserves [1]. Group 1: Lawsuit Details - The lawsuit claims that Lincoln National was experiencing a decline in its variable universal life insurance business [1]. - It is alleged that the goodwill associated with the life insurance business was overstated [1]. - The policy lapse assumptions of Lincoln National were outdated, resulting in overstated reserves [1]. - The financial results and statements reported by Lincoln National were misstated due to the aforementioned issues [1]. - Positive statements made by the defendants about Lincoln National's business and prospects were materially misleading [1]. Group 2: Class Action Information - Investors who purchased Lincoln National securities during the Class Period (November 4, 2020, to November 2, 2022) may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [4]. - A lead plaintiff deadline is set for June 24, 2024, for those wishing to represent the class in the lawsuit [7][9]. - The Rosen Law Firm, which is handling the case, has a strong track record in securities class actions and has recovered significant amounts for investors in the past [6].