Lincoln Educational Faces Securities Class Action After 24% Stock Drop
Lincoln Educational has been sued in a securities class action following a 24% decline in its stock price, attributed to disclosed admissions issues.
A securities fraud class action was filed against Lincoln Educational after its stock fell 24% following disclosed admissions issues. The matter is an early-stage legal development tied to the newly disclosed admissions issues and the sharp price move. A larger catalyst would need to emerge before the case can be assessed further.