NEW YORK, NY / ACCESSWIRE / April 26, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lincoln National Corporation ("Lincoln National" or "the Company") (NYSE:LNC). Investors who purchased Lincoln National securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LNC.
Investigation Details:
On November 2, 2022, after the market closed, Lincoln National released its third quarter 2022 financial results, reporting a net loss of $2.6 billion for the quarter. This was compared to a net income of $318 million for the third quarter of 2021 the previous year. Lincoln National stated that "[t]he current quarter's adjusted operating results included net unfavorable notable items of $2.0 billion, or $11.62 per share, related to the company's annual review of DAC and reserve assumptions." The Company also disclosed that it "incurred a $634 million goodwill impairment to the life insurance business."
On this news, Lincoln National's stock price fell $17.27 per share, or 33.2%, to close at $34.83 per share on November 3, 2022.
What's Next?
If you are aware of any facts relating to this investigation or purchased Lincoln National securities, you can assist this investigation by visiting the firm's site: bgandg.com/LNC. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC