Lawsuit alleges Lincoln Educational Services Corp. made misleading statements to investors from May 11, 2026 to August 9, 2026; lead plaintiff motions are due November 10, 2026
LOS ANGELES, Oct. 20, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Lincoln Educational Services Corp. ("Lincoln" or the "Company") (NASDAQ: LINC) on behalf of investors who acquired the Company's securities from May 11, 2026 to August 9, 2026. Filed on September 11, 2026, the case is Bacha v. Lincoln Educational Services Corporation et al., U.S. District Court for the District of New Jersey, Case No. 26-cv-11842.
If you lost money on Lincoln Educational Services Corp. securities, submit your Lincoln Educational Services Corp. loss information by November 10, 2026 to learn about participating in the lawsuit.
Lincoln Educational Services Corp. class action timeline
- Class period begins: May 11, 2026
- Class period ends: August 9, 2026
- Complaint filed: September 11, 2026
- Lead plaintiff motion deadline: November 10, 2026
What happened?
On August 10, 2026, Lincoln Educational reported earnings for the second quarter of 2026, revealing student starts increased only approximately 1%. During the Company's accompanying earnings call, management stated "the lower start volume contributed to a higher cost per start" and issues with new student starts occurred "basically system-wide" and "across the board … by program."
On this news, Lincoln Educational's stock fell $10.22 or 24.93% to close at $30.77 on August 10, 2026, thereby injuring investors.
What is the Lincoln Educational Services Corp. lawsuit about?
The Lincoln Educational Services Corp. securities lawsuit alleges that, between May 11, 2026 and August 9, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Lincoln Educational Services Corp.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) the Company's admissions process was not effectively converting students from enrollment to start; (2) as a result, the Company was experiencing a significant drop in student starts relative to enrollment; and (3) as a result, defendants' positive statements about Lincoln Educational Services Corp.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"According to the complaint filed against Lincoln Educational Services Corp., the Company, among other things, did not disclose that the Company's admissions process was not effectively converting students from enrollment to start. The November 10, 2026 deadline is a key date for Lincoln Educational Services Corp. investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Lincoln Educational Services Corp. investors do now?
The Law Offices of Frank R. Cruz can help Lincoln Educational Services Corp. investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the Lincoln Educational Services Corp. class action must file a motion with the Court by November 10, 2026. For more information, visit the Lincoln Educational Services Corp. case page, email info@frankcruzlaw.com, or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. Lincoln Educational Services Corp. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Lincoln Educational Services Corp. case.
Questions and answers about the Lincoln Educational Services Corp. lawsuit
Who is eligible? Investors who bought Lincoln Educational Services Corp. securities between May 11, 2026 and August 9, 2026 and lost money may be class members, and may seek lead plaintiff appointment by November 10, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Lincoln Educational Services Corp. class action.
Must I be lead plaintiff to share in a recovery? No, Lincoln Educational Services Corp. investors can take no action and remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
- Lincoln Educational Services Corp. case page, The Law Offices of Frank R. Cruz
- Complaint: Bacha v. Lincoln Educational Services Corporation et al., U.S. District Court for the District of New Jersey
- press release
- Lincoln Educational Services Corp. SEC filings index, EDGAR
- The Law Offices of Frank R. Cruz
Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
