Pomerantz Law Firm Files Class Action Lawsuit Against Lincoln Educational Services Corp.
Pomerantz Law Firm has filed a class action lawsuit against Lincoln Educational Services Corp. The suit alleges securities fraud and unlawful business practices by the company and its officers.
Pomerantz Law Firm has initiated a class action lawsuit against Lincoln Educational Services Corp. (NASDAQ: LINC). The complaint alleges that the company and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
The lawsuit stems from Lincoln Educational's second-quarter 2026 earnings report, released on August 10, 2026. The company disclosed that student starts increased by only 1% year-over-year, despite a 9% rise in enrollment, due to a lower-than-expected attendance rate on the first day of classes.
Following this announcement, Lincoln Educational's stock price declined by $10.22 per share, or 24.93%, closing at $30.77 on August 10, 2026. Investors who purchased Lincoln Educational securities during the class period have until November 10, 2026, to petition the court to be appointed as Lead Plaintiff.
Pomerantz LLP is known for its expertise in corporate, securities, and antitrust class litigation, having secured substantial damages for class members in numerous prior cases.