SAN DIEGO, Dec. 10, 2024 /PRNewswire/ -- 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, an investor in NYSE: LNC shares filed a lawsuit against Lincoln National Corporation over alleged securities laws violations. 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with the life insurance business was overstated, that, as a result, the Company's policy lapse assumptions were outdated, that, as a result, the Company's reserves were overstated, that, as a result, the Company's reported financial results and financial statements were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
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/investors-in-lincoln-national-corporation-nyse-lnc-shares-should-contact-the-shareholders-foundation-in-connection-with-pending-lawsuit-302327493.html
SOURCE Shareholders Foundation, Inc.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.