Class Action Filed Against Lincoln Educational Services Over Misleading Statements

NEW YORK, Sept. 17, 2026 /CourierPR/ -- Wolf Haldenstein Adler Freeman & Herz LLP, an illustrious firm founded in 1888, has announced the filing of a class action lawsuit on behalf of investors who purchased shares of Lincoln Educational Services Corporation (NASDAQ: LINC) between May 11, 2026, and August 9, 2026. The lawsuit alleges that the company made materially false and misleading statements, and failed to disclose material adverse facts to investors.

According to the complaint, the firm claims that throughout the class period, Lincoln Educational Services Corporation misrepresented its admissions process, leading to a significant drop in student starts relative to enrollment. Specifically, the company reported that student starts increased by only 1% year over year, despite a 9% growth in enrollment. The company attributed this discrepancy to changes in the student decision-making process that affected the conversion from enrollment to start.

On August 10, 2026, before the market opened, Lincoln reported earnings for the second quarter of 2026. The company disclosed that during the quarter, it observed changes in the student decision-making process that affected the conversion from enrollment to start. Lincoln stated that it has taken, and will continue to take, actions to address these trends. However, the news caused a significant drop in the company's stock price, which fell $10.22 or 24.93% to close at $30.77 on August 10, 2026.

Wolf Haldenstein, a law firm with over 125 years of legal expertise in securities litigation, is leading the case. The firm encourages all investors who purchased Lincoln shares during the class period and suffered losses to contact them. The lead-plaintiff deadline for the case is set for November 10, 2026.