LINCOLN NATIONAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses Over $100,000 of Deadline for Filing Class Action Claims Against Lincoln National Corporation

NEW ORLEANS, June 7, 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 24 June 2024 to file lead plaintiff motions in a class action lawsuit against Lincoln National Corporation (NYSE: LNC) if they sell the company’s securities between 4 November 2020 And 2 November 2022inclusive (the “Claim Period”). This action is pending in The United States 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, the impact of this case on you and your right to compensation for your economic loss, you may contact KSF Managing Partner Lewis Kahn for a free, no-obligation consultation at 1-877-515-1850 or by email ((email protected)), or visit https://www.ksfcounsel.com/cases/nyse-lnc/ to learn more. If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court by 24 June 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 the federal securities laws.

At 2 November 2022After hours, the company released its financial results for the third quarter of 2022 and reported a net loss of 2.6 billion US dollars for the quarter, compared to a net profit of 318 million US dollars for the third quarter of 2021 in the previous year, due to “net unfavorable notable items of 2.0 billion US dollarsor $11.62 per share, in connection with the annual review of the Company’s DAC and reserve assumptions,” and that the Company “has 634 million US dollars Impairment of goodwill in the life insurance business.”

Following this news, the price of Lincoln’s The shares fell by $17.27or 33.2% and closed at 34,83 ​​€ per share on 3 November 2022due 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 firms. KSF serves a wide range of clients, including public institutional investors, hedge funds, asset managers and individual investors, in recovering investment losses from corporate transactions. Fraud or abuse of office 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

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