Wolf Haldenstein Adler Freeman & Herz LLP announced that a securities class action was filed on behalf of investors who purchased Lincoln Educational Services Corporation common stock between May 11, 2026, and August 9, 2026, inclusive. The complaint alleges Lincoln failed to disclose that its admissions process was not effectively converting enrolled students into student starts, resulting in a significant decline in starts relative to enrollment and making the company’s positive statements materially misleading. Lincoln reported on August 10 that second-quarter student starts rose 1% year over year while enrollment increased 9%, citing fewer enrolled students than expected attending the first day of class and changes in the student decision-making process. Lincoln shares fell $10.22, or 24.93%, to close at $30.77 that day. Investors who purchased during the class period and suffered losses may be eligible to participate, while the deadline to seek lead-plaintiff appointment is November 10, 2026.