NYSE: LNC Lawsuit Update: Long-Term Investors in Lincoln National Corporation Shares Should Contact the Shareholders Foundation

Online, November 19, 2024 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit that is currently pending for certain investors in Lincoln National Corporation (NYSE:LNC) shares.

Investors who purchased shares of Lincoln National Corporation (NYSE: LNC) prior to November 2020 and continue to hold any of those NYSE: LNC shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On April 25, 2024, a NYSE: LNC investor filed a lawsuit alleging securities laws violations by Lincoln National Corporation. The plaintiff alleged that the defendants failed to disclose to investors that the Company was experiencing a decline in its VUL business, that, as a result, the goodwill associated with the life insurance business was overstated, that, as a result, the Company's policy lapse assumptions were outdated, that, as a result, the Company's reserves were overstated, that, as a result, the Company's reported financial results and financial statements were misstated, and that, 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.

On October 24, 2024, the court appointed a lead plaintiff and lead counsel in the case.

Those who purchased shares of Lincoln National Corporation (NYSE: LNC) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc

Source: Shareholders Foundation, Inc.