Press release
Investigation announced for Investors in shares of Globe Life Inc. (NYSE: GL)
An investigation for investors in Globe Life Inc. (NYSE: GL) shares over potential securities laws violations by Globe Life Inc.
Investors who lost money with shares of Globe Life Inc. (NYSE: GL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Globe Life Inc. (NYSE: GL) concerning whether a series of statements by Globe Life Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
McKinney, TX based Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The
Globe Life Inc. reported that its annual Total Revenue rose from over $5.11 billion in 2021 to over $5.21 billion in 2022, and that its Net Income decreased from $744.95 million in 2021 to $739.7 million in 2022.
A former agent of American Income Life Insurance, Globe Life's largest insurance subsidiary, filed a civil lawsuit. The lawsuit against Simon Arias III, President of the Agency, and others alleges a pattern of unchecked sexual assault and harassment at the agency. The lawsuit describes a culture of abuse at a workplace that operated without guardrails.
Shares of Globe Life Inc. (NYSE: GL) closed on March 6, 2023 at $120.73 per share.
Those who purchased shares of Globe Life Inc. (NYSE: GL) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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