Lincoln Educational Services Class Action Lawsuit Allegations
The Lincoln class action lawsuit asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Lincoln securities. The class action is pending in the U.S. District Court for the District of New Jersey. It is captioned Bacha v. Lincon Educational Services Corporation, et al., No. 26-cv-11842.
If you lost money on your Lincoln investment, you are encouraged to submit your information using the form on this page. You may also email adam@bfalaw.com or call 212.789.3619.
Why is Lincoln Educational Services Being Sued for Securities Fraud?
Lincoln has been sued for securities fraud following a significant stock drop resulting from alleged violations of the federal securities laws. The decline in Lincoln’s stock price caused significant losses to investors.
Lincoln provides various career-oriented postsecondary education services to high school graduates and working adults in the United States.
According to the complaint, Lincoln told investors that its investments in people and processes were “positively impacting our student retention rate.” What’s more, Lincoln stated that its corporate partnerships and initiatives were “designed to begin yielding meaningful contributions as we turn into 2027.”
As alleged, Defendants failed to disclose that Lincoln’s admissions process was not effectively converting students from enrollment to start and that Lincoln was experiencing a significant drop in student starts relative to enrollment.
Why did Lincoln Educational Services’ Stock Drop?
On August 10, 2026, Lincoln reported earnings for the second quarter of 2026. Lincoln reported student starts increased only approximately 1% despite enrollment growing 9%, “as fewer enrolled students than expected attended the first day of class.” Lincoln further disclosed that “during the quarter, we observed changes in the student decision-making process that affected conversion from enrollment to start” and that Lincoln “ha[s] taken, and [will] continue to take, actions to address these trends[.]”
On this news, Lincoln stock dropped $10.22 per share, or 24.93%, from a closing price of $40.99 per share on August 7, 2026, to $30.77 per share on August 10, 2026, the following trading day.
Lincoln Educational Services ($LINC) Stock Chart
Image Caption: Nasdaq online chart showing the Lincoln Financial Services (LINC) stock drop following the August 2026 disclosure.
What is the Lincoln Educational Services Lead Plaintiff Deadline?
You may ask the Court no later than November 10, 2026, to appoint you as Lead Plaintiff through counsel of your choice.
To be a member of the Class, you need not take any action at this time. The ability to share in any potential future recovery is not dependent on serving as Lead Plaintiff.
How Do I Submit My Information?
If you lost money when Lincoln Educational Services securities dropped in price, you are encouraged to submit your information using the form on this page to speak with an attorney about your rights.
You can also contact:
Adam McCall
amccall@bfalaw.com
212.789.3619
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of any class action lawsuit. The firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS.
BFA attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360, and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
BFA’s notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
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