Press release
Investigation announced for Investors who lost money with Globe Life Inc. (NYSE: GL) over potential Wrongdoing by certain Directors
An investigation on behalf of investors in Globe Life Inc. (NYSE: GL) shares over potential wrongdoing at Globe Life Inc.
Investors who purchased 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 concerns whether certain Globe Life Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 against American Income Life Insurance and her male managers. 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. Top managers at American Income Life Insurance were allegedly aware of allegations of inappropriate sexual misconduct and drug abuse as far back as 2015, when a claim of misbehavior by top managers was escalated to American Income Life Insurance senior management.
Shares of Globe Life Inc. (NYSE: GL) closed on August 21, 2023 at $112.75 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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