LINCOLN ALERT: Bragar Eagel & Squire, P.C. is Investigating Lincoln National Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
StockNews.AI • 601 days
Low Materiality0/10
Information
NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized sha...
Original sourceAI Summary
- Allegations of fiduciary duty breach by Lincoln National's board of directors. - Net loss of $2.6 billion reported in Q3 2022 compared to previous net income. - Stock price fell 33.2% to $34.83 per share after financial results release. - Class action claims misleading statements and material facts were not disclosed. - Lincoln National facing potential claims from long-term stockholders. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Legal
Market-Moving
- Allegations of fiduciary duty breach by Lincoln National's board of directors.
- Net loss of $2.6 billion reported in Q3 2022 compared to previous net income.
- Stock price fell 33.2% to $34.83 per share after financial results release.
Key Facts
- Allegations of fiduciary duty breach by Lincoln National's board of directors.
- Net loss of $2.6 billion reported in Q3 2022 compared to previous net income.
- Stock price fell 33.2% to $34.83 per share after financial results release.
- Class action claims misleading statements and material facts were not disclosed.
- Lincoln National facing potential claims from long-term stockholders.