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Schall Law Firm encourages you

LOS ANGELES, June 11, 2024 (GLOBE NEWSWIRE) — Schall Law Firmnational shareholder rights litigation firm, reminds investors of a class action lawsuit against Lincoln National Corporation (“Lincoln National” or the “Company”) (NYSE: LNC) for violations of Sections 10(b) and 20(a) of the Exchange Act Securities Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 4, 2020 and November 2, 2022, inclusive (the ‘Class Period’), are encouraged to contact the firm before June 24, 2024.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us via the company’s website at: www.schallfirm.comor by email to [email protected].

In this case, the class has not yet been certified and you are not represented by an attorney until you are certified. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Lincoln National saw a decline in its variable universal life insurance business. Due to this decline, the Company’s goodwill related to its life insurance business was overstated. The assumptions regarding the departure from the Company’s policy were outdated. As a result, the Company’s reserves were overstated. Based on these facts, the Company’s public statements were false and materially misleading throughout the audit period. When the market learned the truth about Lincoln National, investors suffered losses.

Join the cause and recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

Schall Law Firm