NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties by failing to stop, and/or condoning, pervasive fraud and sexual harassment at the Company. A recent investor report has exposed troubling allegations that Globe Life is engaged in widespread insurance fraud. The investor report relies on whistleblower complaints, int ...

Core Viewpoint - Globe Life Inc. is under investigation for alleged widespread insurance fraud and sexual harassment, with claims that the company's management failed to address these issues adequately [1][2][5]. Investigation Details - Bleichmar Fonti & Auld LLP is investigating Globe Life Inc. and its executives for breaches of fiduciary duties related to pervasive fraud and harassment [1][5]. - The investigation is prompted by a recent investor report that highlights significant allegations of insurance fraud, amounting to $200 million in annualized life premiums, which represents approximately 60% of all premiums [2]. - The report indicates that the fraud is linked to a problematic bonus structure that incentivizes sales agents to commit fraud by rewarding them for policies sold within a short timeframe, regardless of subsequent cancellations [2]. Legal Implications - Globe Life is currently facing multiple lawsuits and investigations, including one from the Department of Justice [5]. - The law firm Bleichmar Fonti & Auld LLP aims to protect the interests of Globe Life stockholders and hold the company's fiduciaries accountable for legal violations [5]. Shareholder Actions - Current shareholders of Globe Life Inc. are encouraged to submit their information to explore potential legal options, with representation offered on a contingency fee basis [7].

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties by failing to stop, and/or condoning, pervasive fraud and sexual harassment at the Company. A recent investor report has exposed troubling allegations that Globe Life is engaged in widespread insurance fraud. The investor report relies on whistleblower complaints, int ...

Convoy of Hope was instrumental in providing much-needed disaster relief because of their ability to respond quickly, coordinate efforts, and provide essential services. The Surace-Smith-Bendure-Hartwig organization raised $11,443. After learning this was the highest agency donation, Pat Bendure said, "I am proud of our team for stepping up to help those displaced and still suffering. We're honored to have supported Convoy of Hope and the amazing work they do for so many." Globe Life is committed to giving ...

Core Viewpoint - The upcoming earnings reports for Globe Life and PJT Partners are critical in determining their stock price movements, with analysts closely monitoring earnings per share (EPS) estimates and revisions to gauge potential surprises [1][5][16]. Globe Life - Globe Life is expected to report quarterly earnings of $2.90 per share, reflecting a year-over-year increase of +11.1% [2]. - Revenue for Globe Life is anticipated to be $1.45 billion, which represents a 5.9% increase from the previous year [17]. - The consensus EPS estimate for Globe Life has been revised 0.17% higher in the last 30 days, indicating a positive reassessment by analysts [3]. - The Most Accurate Estimate for Globe Life matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [29]. - Globe Life has beaten consensus EPS estimates three times in the last four quarters, but the stock's movement may depend on other factors beyond earnings [12][13]. PJT Partners - PJT Partners is projected to post earnings of $0.82 per share, indicating a year-over-year decline of -17.2% [26]. - Revenue for PJT Partners is expected to be $310 million, down 10.5% from the previous year [26]. - The consensus EPS estimate for PJT Partners has been revised 18.7% lower over the last 30 days, but the Most Accurate Estimate results in an Earnings ESP of 0.00% [27]. - PJT Partners has consistently beaten consensus EPS estimates in the past four quarters, but the current Zacks Rank of 3 (Hold) complicates predictions for the upcoming report [15].

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If you are a long-term holder of Globe Life, you are encouraged to submit your information at: https://www.bfalaw.com/cases-investigations/globe-life-inc. Investigation Details: As a result of these wrongful actions, Globe Life is currently party to numerous lawsuits and investigations, including an investigation by the Department of Justice ("DOJ"). Click here if you are a long-term holder: https://www.bfalaw.com/cases-investigations/globe-life-inc. If you are a current holder of Globe Life Inc. stock, you ...

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Globe Life Inc. (NYSE:GL) and its directors and certain senior executives for breaches of their fiduciary duties by failing to stop, and/or condoning, pervasive fraud and sexual harassment at the Company. As a result of these wrongful actions, Globe Life is currently party to numerous lawsuits and investigations, including an investigation by the Department of Justice ("DOJ"). W ...

Globe Life stock plummeted earlier this year after it was the target of a short seller. Since the start of the year, Globe Life stock has plummeted 32.4%, according to data from S&P Global Market Intelligence. Here's what investors should know about the dip and what's next for Globe Life. Last year, storm clouds began to emerge over Globe Life when one of its subsidiaries, American Income Life Insurance Co. and Arias Agencies, faced a lawsuit accusing it of inappropriate workplace conduct, including rampant ...

Core Viewpoint - Globe Life Inc. is under investigation for alleged breaches of fiduciary duties related to widespread fraud and sexual harassment within the company [1][3][6]. Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on the company's directors and senior executives for failing to address or condoning fraudulent activities [1][7]. - Globe Life is currently facing multiple lawsuits and investigations, including one from the Department of Justice [3]. Allegations of Fraud - A recent investor report indicates that Globe Life may be involved in extensive insurance fraud, with claims that $200 million of annualized life premiums, approximately 60% of total premiums, are affected [6]. - The report suggests that a problematic bonus structure incentivizes sales agents to commit fraud, as they are rewarded for policies within a short timeframe, regardless of cancellations [6]. Legal Options for Shareholders - Current shareholders of Globe Life Inc. are encouraged to submit their information to explore potential legal options, with representation offered on a contingency fee basis [4][6].