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Lead Plaintiff Deadline
Nov 10, 2026
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The filed complaint alleges that Lincoln Educational Services Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s admissions process was not effectively converting students from enrollment to start; (2) as a result, the Company was experiencing a significant drop in student starts relative to enrollment; and (3) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Investors who purchased or otherwise acquired Lincoln Educational Services Corporation securities within the class period described above and suffered losses may be eligible.
If you suffered a loss in Lincoln Educational Services Corporation during the relevant time frame or pursuant to the relevant offering(s), you have until November 10, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
● The Allegation: The complaint alleges that Lincoln failed to disclose that its admissions process was not effectively converting students from enrollment to start, which allegedly caused a significant drop in student starts relative to enrollment, while defendants continued to make positive statements about the Company's business and prospects.
● The Stock Drop: On August 10, 2026, LINC fell $10.22 per share (24.93%) to close at $30.77 per share on unusually heavy trading volume, after Lincoln reported that second-quarter student starts increased only about 1% despite enrollment growing 9%, as fewer enrolled students than expected attended the first day of class.
● Class Period & Defendants: The class period runs from May 11, 2026 through August 9, 2026, inclusive. The named defendants are Lincoln Educational Services Corporation, Scott Shaw (Chief Executive Officer), and Brian Meyers (Chief Financial Officer).
● Lead Plaintiff Deadline: November 10, 2026. Investors who wish to seek appointment as lead plaintiff must apply by the deadline.
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Lincoln Educational Services Class Action Summary |
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Company |
Lincoln Educational Services Corporation (NASDAQ: LINC) |
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Lead Plaintiff Deadline |
November 10, 2026 |
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Class Period |
May 11, 2026 – August 9, 2026 |
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Stock Drop |
August 10, 2026 – LINC fell $10.22 (24.93%) to $30.77 |
A securities class action lawsuit has been filed against Lincoln Educational Services Corporation (NASDAQ: LINC). The plaintiff brings the case on behalf of investors who purchased or otherwise acquired Lincoln securities. The class period runs from May 11, 2026 through August 9, 2026.
The complaint alleges that defendants made materially false and misleading statements about Lincoln's business. It claims the Company hid that its admissions process was not turning enrolled students into actual starts. As a result, the complaint says Lincoln faced a large drop in student starts compared to enrollment.
According to the complaint, the alleged truth emerged on August 10, 2026, when Lincoln disclosed that second-quarter student starts increased only about 1% despite enrollment growing 9%. On that news, the stock fell $10.22 per share, or 24.93%, to close at $30.77 per share. The complaint alleges investors suffered significant losses.
Lincoln Educational Services Corporation provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. Lincoln is incorporated in New Jersey with its principal executive offices in Parsippany, New Jersey, and its common shares trade on the NASDAQ under the symbol LINC.
May 11, 2026–August 9, 2026
Investors who purchased or otherwise acquired Lincoln Educational Services Corporation (LINC) securities during the Class Period may be eligible to seek recovery under the federal securities laws.
The complaint centers on statements Lincoln made about the strength of its student enrollment and its ability to convert enrolled students into active starts. Lincoln provides career-oriented postsecondary education, and student starts are a core driver of the Company's revenue and growth story. Defendants Scott Shaw, the Chief Executive Officer, and Brian Meyers, the Chief Financial Officer, are alleged to have controlled the content of the Company's public statements during the class period.
The class period begins on May 11, 2026, when Lincoln issued a press release announcing first-quarter results that touted 19.5% growth in student starts and a 17.6% increase in ending student population. According to the complaint, the release claimed the Company was investing in people and processes to drive superior outcomes and to improve student retention, and Lincoln raised its 2026 financial guidance. That same day, the Company filed its Form 10-Q affirming those results and reporting an 18.2% increase in average student population driven by 19.5% start growth.
The complaint alleges these statements were materially false and misleading because defendants failed to disclose that the Company's admissions process was not effectively converting students from enrollment to start. As a result, the lawsuit claims Lincoln was experiencing a significant drop in student starts relative to enrollment. The filing states that defendants' positive statements about the Company's business, operations, and prospects therefore lacked a reasonable basis.
The complaint alleges that the Individual Defendants, because of their senior positions and access to internal reports and data, knew or recklessly disregarded that the true condition of the Company's student conversion trends had not been disclosed to the public.
Before the market opened on August 10, 2026, Lincoln reported second-quarter results that the complaint alleges revealed the concealed trends. The Company disclosed that student starts increased only approximately 1% despite enrollment growing 9%, explaining that fewer enrolled students than expected attended the first day of class. Lincoln also stated that during the quarter it observed changes in the student decision-making process that affected conversion from enrollment to start.
On the accompanying earnings call, Chief Financial Officer Brian Meyers explained that despite high single-digit enrollment in line with expectations, a lower percentage of students had converted to starts, which contributed to a higher cost per start. Chief Executive Officer Scott Shaw described the softness in student starts and noted actions the Company was taking, including improving financial aid packaging and maintaining contact with prospective students, while also attributing part of the decline to students defaulting after the government required loan repayment to resume.
According to the complaint, these disclosures revealed the enrollment-to-start conversion problem that defendants allegedly failed to disclose during the class period.
Following the August 10, 2026 disclosure, Lincoln's stock price fell $10.22 per share, or 24.93%, to close at $30.77 per share on unusually heavy trading volume. The complaint also notes that the stock had closed at a class period high of $55.68 per share on July 7, 2026. The lawsuit alleges that this drop reflected the market absorbing information that the Company had allegedly concealed about its student conversion trends.
● Lead Plaintiff Deadline: November 10, 2026
● After the lead plaintiff deadline, the Court will consider any lead plaintiff motions.
● Defendants may file a motion to dismiss.
● If the case proceeds, the Court may later consider class certification.
Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. Prior results do not guarantee similar outcomes.
The lawsuit alleges that Lincoln Educational Services Corporation (NASDAQ: LINC) made materially false and misleading statements about its student enrollment and starts. According to the complaint, defendants failed to disclose that the Company's admissions process was not effectively converting students from enrollment to start, which allegedly caused a significant drop in student starts relative to enrollment. The complaint claims that as a result, defendants' positive statements about the Company's business, operations, and prospects lacked a reasonable basis. The case seeks recovery for investors who purchased or otherwise acquired Lincoln securities during the class period and were allegedly damaged.
The defendants named in the complaint are Lincoln Educational Services Corporation and two individual defendants: Scott Shaw, the Company's Chief Executive Officer, and Brian Meyers, the Company's Chief Financial Officer. According to the complaint, both individuals served in these roles at all relevant times during the class period. The lawsuit alleges the Individual Defendants possessed the power and authority to control the contents of the Company's public reports, press releases, and presentations, and that they had access to material non-public information about the Company's true student conversion trends.
The class period runs from May 11, 2026 through August 9, 2026, inclusive. The complaint alleges the class period begins on May 11, 2026, when Lincoln issued a press release announcing first-quarter results that touted strong student start growth and raised the Company's 2026 guidance. Investors who purchased or otherwise acquired Lincoln Educational Services Corporation (LINC) securities during this period may be eligible to seek recovery under the federal securities laws. The class covers all persons and entities that purchased or otherwise acquired Lincoln securities during the class period and were damaged as a result.
According to the complaint, Lincoln's stock price dropped after the Company reported second-quarter 2026 results before the market opened on August 10, 2026. The Company disclosed that student starts increased only about 1% despite enrollment growing 9%, as fewer enrolled students than expected attended the first day of class. Lincoln also reported observing changes in the student decision-making process that affected conversion from enrollment to start. On this news, the complaint states that Lincoln's stock fell $10.22 per share, or 24.93%, to close at $30.77 per share on unusually heavy trading volume.
A lead plaintiff is an investor appointed by the Court to represent the interests of the class in a securities class action. The lead plaintiff typically works with counsel to direct the litigation on behalf of all class members. In this case, the plaintiff Stuart Bacha filed the complaint on behalf of all persons and entities that purchased or otherwise acquired Lincoln securities during the class period. Other investors who purchased or otherwise acquired Lincoln securities during the class period and otherwise qualify as members of the proposed class may seek appointment as lead plaintiff. The lead plaintiff deadline is November 10, 2026.
The complaint alleges that Lincoln failed to disclose that its admissions process was not effectively converting students from enrollment to start. It further alleges that, as a result, the Company was experiencing a significant drop in student starts relative to enrollment. According to the complaint, these undisclosed facts meant that defendants' positive statements about the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis. The complaint claims these omissions artificially inflated the price of Lincoln securities during the class period until the truth was revealed on August 10, 2026.
Investors who purchased or acquired Lincoln Educational Services Corporation (NASDAQ: LINC) securities during the class period, from May 11, 2026 through August 9, 2026, inclusive, and who were damaged may be eligible to participate. The complaint defines the class as all persons and entities that purchased Lincoln securities during the class period, excluding defendants, the Company's officers and directors, their immediate families, and certain related parties. Eligible investors may be entitled to seek recovery under the federal securities laws. You may wish to consult a qualified attorney about your specific circumstances.
The complaint alleges Lincoln Educational Services (NASDAQ: LINC) failed to disclose that its admissions process was not effectively converting students from enrollment to start, causing a significant drop in student starts relative to enrollment while making positive statements that lacked a reasonable basis.
The class period runs from May 11, 2026 through August 9, 2026, inclusive. Investors who purchased Lincoln securities during this period may be eligible to seek recovery under the federal securities laws.
On August 10, 2026, Lincoln reported that second-quarter student starts increased only about 1% despite enrollment growing 9%. On this news, LINC fell $10.22 per share, or 24.93%, to close at $30.77 per share on heavy volume.
The defendants are Lincoln Educational Services Corporation, Chief Executive Officer Scott Shaw, and Chief Financial Officer Brian Meyers.
The lead plaintiff deadline is November 10, 2026.
Deadline
Nov 10, 2026