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 – LNC

NEW ORLEANS, May 10, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time have June 24, 2024 to file lead plaintiff motions in a securities class action lawsuit against Lincoln National Corporation (NYSE: LNC) if you purchased or otherwise acquired the Company’s securities between November 4, 2020 and November 2, 2022 (including the “Class Period”). This lawsuit is pending in the U.S. District Court for the Eastern District of 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. To learn more, call 1-877-515-1850 or email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-lnc/. 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.

On November 2, 2022, following the launch, the Company released 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 for the quarter third quarter 2021 prior year “net unfavorable notable items of $2.0 billion, or $11.62 per share, related to the annual review of the Company’s DAC and reserve assumptions” and that the Company “received goodwill “Incurred $634 million in life insurance impairment.”

On this news, Lincoln’s stock price fell $17.27, or 33.2%, to close at $34.83 per share on November 3, 2022, due to 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 law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses resulting from corporate fraud or misconduct by publicly traded 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 Kahn, managing partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

View original content to download multimedia: https://www.prnewswire.com/news-releases/lincoln-national-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick–foti-llc -reminds- investors-with-losses-over-100,000-the-lead-plaintiff-deadline-in-class-action-action-against-lincoln-national-corpor-302142719.html

SOURCE Kahn Swick & Foti, LLC