Press release
Lawsuit filed for Investors who lost money with shares of Globe Life Inc. (NYSE: GL)
A lawsuit was filed on behalf of investors in Globe Life Inc. (NYSE: GL) shares over alleged securities laws violations.
Investors who purchased shares of Globe Life Inc. (NYSE: GL) have certain options and for certain investors are short and strict deadlines running. Deadline: July 1, 2024. NYSE: GL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
McKinney, TX based Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.
On April 11, 2024, Fuzzy Panda Research published a report entitled, "Globe Life (GL): Executives Disregarded Wide-Ranging "Insurance Fraud" While They Received Millions in Undisclosed Kick-Back Scheme." The report had alleged insurance fraud, which was reported and subsequently ignored by management. In addition, the report made allegations of policies written for dead and fictitious people, forced signatures, funds withdrawn from consumers' bank accounts without approval, and fictitious bank accounts used to fund numerous fake policies.
Shares of Globe Life Inc. (NYSE: GL) declined from $132.00 per share on February 22, 2024, to as low as $38.95 per share on April 11, 2024.
The plaintiff claims that between May 8, 2019, and April 10, 2024, the defendants repeatedly attributed the Company's consistent premium revenue growth "to increased agent count and productivity" and that in addition, Globe Life's Code of Conduct stated, among other things, that "[t]he Company is committed to providing an inclusive and welcoming environment," that "[v]iolence and threatening behavior are not permitted," and that "[t]he use of illegal drugs in the workplace will not be tolerated."
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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