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SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Lincoln National Corporation - LNC
LincolnLincoln(US:LNC) prnewswire.comยท2024-05-16 21:35

Group 1 - A class action lawsuit has been filed against Lincoln National Corporation for alleged securities fraud and unlawful business practices [2] - The lawsuit allows shareholders who purchased Lincoln National securities during the Class Period to apply as Lead Plaintiff by June 24, 2024 [2] - Lincoln National reported a net loss of $2.6 billion for Q3 2022, a significant decline from a net income of $318 million in Q3 2021, attributed to unfavorable notable items and a goodwill impairment [2] Group 2 - Following the release of its Q3 2022 financial results, Lincoln National's stock price dropped by $17.27 per share, or 33.2%, closing at $34.83 per share [2] - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering billions in damages for class members [3]