LNC Investors Have Opportunity to Lead Lincoln National Corporation Securities Fraud Lawsuit

Core Viewpoint - Investors with significant losses in Lincoln National Corporation have the opportunity to lead a securities fraud class action lawsuit against the company, with a class period from November 4, 2020, to November 2, 2022, and a lead plaintiff deadline of June 24, 2024 [1] Group 1: Allegations Against Lincoln National - The complaint alleges that during the class period, the company failed to disclose a decline in its Variable Universal Life (VUL) business [2] - It is claimed 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life insurance business was overstated as a result of this decline [2] - The company's policy lapse assumptions were outdated, leading to overstated reserves [2] - The financial results and statements reported by the company were misstated due to the aforementioned issues [2] - Positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [2]