Complaint alleges Lincoln Educational Services Corp. misled investors between May 11, 2026 and August 9, 2026; investors may seek lead plaintiff role by November 10, 2026
LOS ANGELES, Oct. 22, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought Lincoln Educational Services Corp. ("Lincoln" or the "Company") (NASDAQ: LINC) securities between May 11, 2026 and August 9, 2026. The Lincoln Educational Services Corp. case, Bacha v. Lincoln Educational Services Corporation et al., was filed on September 11, 2026 in the U.S. District Court for the District of New Jersey (Case No. 26-cv-11842).
Investors who suffered losses on Lincoln Educational Services Corp. investments can submit their Lincoln Educational Services Corp. loss information here before the November 10, 2026 lead plaintiff deadline.
Key dates in the Lincoln Educational Services Corp. case
- Class period: May 11, 2026 to August 9, 2026
- Complaint filed: September 11, 2026
- Lead plaintiff 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.
"The complaint filed against Lincoln Educational Services Corp. alleges that, among other things, the Company failed to disclose that the Company's admissions process was not effectively converting students from enrollment to start. For investors who bought during the class period, the November 10, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Lincoln Educational Services Corp. investors in potentially pursuing claims to recover their losses.
If you wish to serve as lead plaintiff in the Lincoln Educational Services Corp. class action, you must move the Court no later than November 10, 2026. To learn more about your rights, visit the Lincoln Educational Services Corp. case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).
You may retain counsel of your choice. If you bought Lincoln Educational Services Corp. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Lincoln Educational Services Corp. case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired Lincoln Educational Services Corp. securities between May 11, 2026 and August 9, 2026 and suffered losses may be members of the proposed class in the Lincoln Educational Services Corp. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 10, 2026.
What is a lead plaintiff? In the Lincoln Educational Services Corp. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Do I have to be lead plaintiff to recover? No. A Lincoln Educational Services Corp. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. Lincoln Educational Services Corp. investors may take no action and remain absent class members.
What is the deadline? Motions to serve as lead plaintiff in the Lincoln Educational Services Corp. class action must be filed by November 10, 2026.
Does it cost anything to contact Glancy or participate in this action? Glancy represents Lincoln Educational Services Corp. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Can I choose my own lawyer? Yes. Lincoln Educational Services Corp. investors may retain counsel of their choice.
Why work with Glancy on the Lincoln Educational Services Corp. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Lincoln Educational Services Corp. lawsuit. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
- Lincoln Educational Services Corp. case page, Glancy Prongay Wolke & Rotter LLP
- 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
- Glancy Prongay Wolke & Rotter LLP
Contact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com
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SOURCE Glancy Prongay Wolke & Rotter LLP
