The law firm of Rosen Law Firm is reminding investors who purchased securities of Lincoln National Corporation between November 4, 2020 and November 2, 2022 about an important upcoming deadline. The deadline for lead plaintiff in the class action lawsuit is June 24, 2024.
As a purchaser of Lincoln National securities during the specified period, you may be entitled to compensation through a contingency fee arrangement without having to pay any out-of-pocket fees or costs. To join the class action, you can visit the firm’s website or contact Phillip Kim, Esq. toll-free or via email.
It is crucial for investors to choose qualified counsel with a successful track record in leadership roles when participating in class action lawsuits. Many firms that issue notices may lack the necessary experience, resources, or recognition. They may not even litigate securities class actions themselves, but rather act as intermediaries that refer clients to other law firms. Therefore, exercising caution when selecting legal representation is advised.
Rosen Law Firm is a globally recognized firm that specializes in securities class actions and shareholder derivative litigation. Their achievements include the largest-ever securities class action settlement against a Chinese company. The firm has consistently been ranked among the top firms in terms of securities class action settlements and has recovered hundreds of millions of dollars for investors.
In the case against Lincoln National Corporation, the lawsuit alleges that defendants made false statements or failed to disclose key information, leading to misleading financial statements and misstated results. Among the alleged misrepresentations are the decline in the company’s variable universal life insurance business and the overstatement of reserves and goodwill associated with the life insurance business.
Investors who wish to participate in the class action should take action before the June 24, 2024 deadline. If a class is certified, investors who join the class may be represented by counsel unless they choose to retain their own legal representation. The ability to share in any potential future recovery is not contingent upon serving as the lead plaintiff.
Stay updated on developments regarding the class action by following the Rosen Law Firm on LinkedIn, Twitter, or Facebook. Please note that past results do not guarantee similar outcomes, and this article is for informational purposes only.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
In addition to the information provided in the article, here are some facts, trends, forecasts, challenges, and controversies associated with investor rights and class action lawsuits:
1. Current Market Trends:
– Increased regulatory scrutiny: The financial industry is facing increased regulatory scrutiny, leading to a rise in investor activism and shareholder lawsuits.
– Rise of institutional investors: Institutional investors, such as pension funds and asset management firms, are playing a significant role in shareholder litigation as they seek to protect their investments.
– Focus on corporate governance: There is a growing emphasis on corporate governance practices, with investors closely monitoring companies for any signs of misconduct or non-compliance.
2. Forecasts:
– Increased class action filings: The number of class action lawsuits filed by investors is expected to continue rising due to heightened investor awareness and regulatory enforcement.
– Larger settlements: The trend of large settlements in securities class actions is expected to continue, driven by the potential for significant financial losses suffered by shareholders.
3. Key Challenges or Controversies:
– Class certification hurdles: Meeting the requirements for class certification, such as demonstrating commonality and typicality among class members, can be challenging for plaintiffs in class action lawsuits.
– Defendant’s defense strategies: Defendants often employ various defense strategies to challenge the allegations made in class action lawsuits, including disputing materiality of alleged misstatements or omissions and arguing lack of loss causation.
– Potential for low recovery: Despite the potential for significant settlements, individual shareholders may not always receive substantial compensation due to the dilution effect of larger class sizes and the costs associated with litigation.
Advantages:
– Access to legal representation: Class action lawsuits provide investors with an opportunity to obtain legal representation and pursue their claims without incurring out-of-pocket fees or costs.
– Efficiency and economies of scale: Class actions consolidate individual claims into a single lawsuit, making it a more efficient and cost-effective way for investors to seek redress for their grievances.
– Potential for significant recovery: In cases where the claims are successful, securities class actions can result in substantial settlements or judgments, allowing investors to recover a portion of their financial losses.
Disadvantages:
– Limited control over the litigation: Individual investors may have limited control or input into the conduct of the lawsuit since the lead plaintiff and their legal representation typically drive the litigation strategy.
– Lengthy legal process: Class action lawsuits can be time-consuming, often taking years to resolve, which may delay the recovery of potential compensation for investors.
– Potential for low individual recovery: As mentioned earlier, individual investors may receive relatively lower compensation due to the large size of the class and the costs involved in litigation.
For more information on investor rights and class action lawsuits, you can visit the Securities and Exchange Commission (SEC) website: SEC Investor Bulletin: Judicial Relief Through the Private Action.