Lincoln National Corporation Class Action Lawsuit - LNC

The filed complaint alleges that Lincoln National Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing a decline in its variable universal life insurance business; (2) as a result, the goodwill associated with the life insurance business was overstated; (3) as a result, the Company’s policy lapse assumptions were outdated; (4) as a result, the Company’s reserves were overstated; (5) as a result, the Company’s reported financial results and financial statements were misstated; and (6) 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.

In order to be eligible to join the LNC class action lawsuit, you must have incurred a loss on shares of Lincoln National purchased during the class period listed above.

If you suffered a loss in Lincoln National during the relevant time frame or pursuant to the relevant offering(s), you have until June 24, 2024 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.