LINCOLN NATIONAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS

NEW ORLEANS, June 19, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until 24 June 2024 to file lead plaintiff motions in a class action lawsuit against Lincoln National Corporation (NYSE: LNC) if they purchased or otherwise acquired the Company’s securities between November 4, 2020 and November 2, 2022, inclusive (the “Class Period”). This action is pending in the U.S. District Court for the Eastern District of Pennsylvania.

get help

Lincoln National investors should visit us at https://claimsfiler.com/cases/nyse-lnc/ or call toll free (844) 367-9658. The attorneys at Kahn Swick & Foti, LLC are available to discuss your legal options.

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.

On November 2, 2022, the Company released its third quarter 2022 financial results after the market closed, reporting a net loss of $2.6 billion for the quarter, compared to net income of $318 million in the third quarter of 2021 of the prior year. This was due to “net unfavorable items of $2.0 billion, or $11.62 per share, related to the Company’s annual review of the Company’s DAC and reserve assumptions” and that the Company “recorded a $634 million goodwill impairment charge in the Life Insurance business.”

On this news, Lincoln stock price fell $17.27, or 33.2%, to close at $34.83 per share on November 3, 2022, amid unusually heavy trading volume.

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

About ClaimsFiler

ClaimsFiler has a single mission: to serve as a resource to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action lawsuits so they can file their own claims in a timely manner; (2) upload their portfolio transaction data to be notified of relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the law firm of Kahn Swick & Foti, LLC to receive free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.