NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lincoln National Corporation (NYSE:LNC) on behalf of long-term stockholders following a class action complaint that was filed against Lincoln on April 23, 2024 with a Class Period from November 4, 2020 and November 2, 2022. Our investigation concerns whether the board of directors of Lincoln have breached their fiduciary duties to the company.
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. The Company explained "[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 ...