Lowey Dannenberg Notifies Lincoln National Corporation (“Lincoln National” or “the Company”) (NYSE: LNC) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Lincoln National Corporation for violations of federal securities laws, impacting investors who purchased stock between November 4, 2020, and November 2, 2022 [1][2] Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that during the Class Period, Lincoln National and its officers made false or misleading statements and failed to disclose critical information regarding the decline in its Variable Universal Life (VUL) business [2] - Specific allegations include overstated goodwill associated with the life insurance business, outdated policy lapse assumptions, and overstated reserves, leading to misstated financial results [2] Investor Impact - Following the revelation of the truth, Lincoln National's stock experienced a significant decline, resulting in financial losses for investors [3] - Investors who suffered losses exceeding $50,000 are encouraged to participate in the lawsuit, with a deadline to act by June 24, 2024 [3] Law Firm Background - Lowey Dannenberg P.C. is a law firm specializing in representing institutional and individual investors affected by corporate fraud and violations of federal securities laws, with a history of recovering billions for clients [4]