LINCOLN NATIONAL SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES MORE THAN $100,000 of lead plaintiff deadline in class action lawsuit against Lincoln National Corporation

NEW ORLEANS, May 10, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF Partner, former Attorney General of Louisiana, Charles C. Foti, Jr.remind investors that they have until then June 24, 2024 to file lead plaintiff motions in a securities class action lawsuit against Lincoln National Corporation (NYSE: LNC) if you have since purchased or otherwise acquired the Company’s securities November 4, 2020 And November 2, 2022including (the “Class Period”). This lawsuit is pending in The United States District Court for the Eastern District Pennsylvania.

What you can do

If you have purchased Lincoln National securities and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, please contact KSF Managing Partner Lewis, without obligation and at no cost to you Kahn, turn. toll free at 1-877-515-1850 or by email ((email protected)) or visit https://www.ksfcounsel.com/cases/nyse-lnc/ to learn more. If you would like to serve as lead plaintiff in this class action lawsuit, you must file a motion with the court by mail June 24, 2024.

About the lawsuit

Lincoln National and certain of its executives are accused of failing to disclose material information during the Class Period, thereby violating federal securities laws.

At November 2, 2022Following the launch, the company reported its Q3 2022 financial results and reported a net loss of $2.6 billion for the quarter, compared to a net income of 318 million dollars for the third quarter of 2021 of the previous year, due to “net unfavorable significant items of $2.0 billionor $11.62 per share in connection with the annual review of the Company’s DAC and reserve assumptions” and that the Company “a $634 million Goodwill impairment in the life insurance business.”

In this message is the price of Lincoln’s Stocks fell over $17.27or 33.2% to close $34.83 per share November 3, 2022with unusually high trading volume.

The case is Meade v. Lincoln National Corporation et al., No. 24-cv-01704.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr.is one of the nation’s leading boutique securities litigation firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses caused by companies Fraud or misconduct by listed companies. KSF has offices in new York, Delaware, California, Louisiana And New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis KahnManaging Partner
(email protected)
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC