Lincoln Educational Services Faces Lawsuit Over Alleged Misleading Statements
A class action lawsuit has been filed against Lincoln Educational Services Corporation by investors alleging materially false and misleading statements regarding the company's student enrollment and start conversion processes.
The law firm Wolf Haldenstein Adler Freeman & Herz LLP has filed a class action lawsuit against Lincoln Educational Services Corporation. The suit is on behalf of investors who purchased shares of the company between May 11, 2026, and August 9, 2026, and suffered losses.
The complaint alleges that throughout the Class Period, defendants made false and misleading statements and failed to disclose material adverse facts. Specifically, the lawsuit claims the company's admissions process was not effectively converting enrolled students into starting students, leading to a significant drop in student starts relative to enrollment.
On August 10, 2026, Lincoln reported its second-quarter earnings, disclosing that student starts increased by only 1% year-over-year despite enrollment growing 9%. The company cited that fewer enrolled students than expected attended the first day of class. Following this news, Lincoln's stock price fell by 24.93%.
Investors who purchased Lincoln shares during the specified period and experienced losses are encouraged to contact Wolf Haldenstein. The deadline for lead plaintiff applications is November 10, 2026. Wolf Haldenstein, founded in 1888, has extensive experience in securities litigation.