LNC Deadline: LNC Investors Have Opportunity to Lead Lincoln National Corporation Securities Fraud Lawsuit

NEW YORK, June 20, 2024

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lincoln National Corporation (NYSE: LNC) between November 4, 2020 and November 2, 2022, both dates inclusive (the "Class Period"), of the important June 24, 2024 lead plaintiff deadline.

So what: If you purchased Lincoln National securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Lincoln National class action, go to https://rosenlegal.com/submit-form/?case_id=24462 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Lincoln National 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with the life insurance business was overstated; (3) as a result, Lincoln National's policy lapse assumptions were outdated; (4) as a result, Lincoln National's reserves were overstated; (5) as a result, Lincoln National's reported financial results and financial statements were misstated; and (6) as a result of the foregoing, defendants' positive statements about Lincoln National's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Lincoln National class action, go to https://rosenlegal.com/submit-form/?case_id=24462 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.