Press release
Investigation announced for Long-Term Investors in shares of Lincoln National Corporation (NYSE: LNC) concerning possible Wrongdoing by certain directors
An investigation on behalf of investors in Lincoln National Corporation (NYSE: LNC) shares.
Investors who are current long term investors in Lincoln National Corporation (NYSE: LNC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: LNC stocks follows a lawsuit filed against Lincoln National Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LNC stocks, concerns whether certain Lincoln National Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of Pennsylvania the plaintiff alleges that, the Defendants failed to disclose to investors that the Company was experiencing a decline in its VUL business, that, as a result, the goodwill associated with the life insurance business was overstated, that, as a result, the Company's policy lapse assumptions were outdated, that, as a result, the Company's reserves were overstated, that, as a result, the Company's reported financial results and financial statements were misstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Lincoln National Corporation (NYSE: LNC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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