NYSE: GL Lawsuit Update: Investors Who Lost Money With Shares of Globe Life Inc. (NYSE: GL) Should Contact the Shareholders Foundation

SAN DIEGO, CA, September 8, 2024 (Newswire.com)
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The Shareholders Foundation, Inc. announces an update in the lawsuit that is pending for certain investors in Globe Life Inc. (NYSE:GL) shares. Investors in NYSE: GL shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The Shareholders Foundation, Inc. announces an update in the lawsuit that is pending for certain investors in Globe Life Inc. (NYSE:GL) shares.

Investors who purchased shares of Globe Life Inc. (NYSE: GL) prior to May 2019 and continue to hold any of those NYSE: GL shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

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 In addition, the report made allegations of policies written for dead and fictitious people, forced signatures, funds withdrawn from consumers’ bank accounts without approval, and fictitious bank accounts used to fund numerous fake policies.

On April 30, 2024, an investor in Globe Life Inc. (NYSE: GL shares filed a lawsuit against Globe Life Inc. . f/k/a Torchmark Corporation alleged securities laws violations. The plaintiff alleged that 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.”

On July 24, 2024, the court appointed a lead plaintiff and lead counsel for the case.

Those who purchased shares of Globe Life Inc. (NYSE: GL) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.

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