Law Firm Files Class Action Against Lincoln Educational Services
Wolf Haldenstein Adler Freeman & Herz LLP has filed a class action lawsuit against Lincoln Educational Services Corporation. The suit alleges investors lost money on LINC stock purchased between May 11 and August 9, 2026.
A class action lawsuit has been filed by Wolf Haldenstein Adler Freeman & Herz LLP on behalf of investors who purchased Lincoln Educational Services Corporation (NASDAQ: LINC) common stock between May 11, 2026, and August 9, 2026. Investors who suffered losses during this period have until November 10, 2026, to act as lead plaintiff.
The lawsuit claims that defendants made materially false and misleading statements and failed to disclose adverse information. Specifically, the complaint alleges that the company's admissions process was not effectively converting enrolled students into starts, leading to a significant drop in student starts relative to enrollment.
On August 10, 2026, Lincoln Educational Services reported its second-quarter 2026 earnings. The company disclosed that student starts increased by only 1% year-over-year despite a 9% rise in enrollment, citing that "fewer enrolled students than expected attended the first day of class."
Following this news, Lincoln's stock price fell $10.22, or 24.93%, to close at $30.77 on August 10, 2026. The law firm is encouraging affected investors to contact them for more information.