NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- SO WHAT: If you purchased Globe Life common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually liti ...

Core Viewpoint - Globe Life Inc. is facing allegations of widespread insurance fraud and a culture of sexual harassment, which led to artificially inflated stock prices during the class period from May 8, 2019, to April 10, 2024 [2][5]. Group 1: Allegations and Misconduct - Globe Life reported consistent premium revenue growth, particularly from American Income Life Insurance Company, while allegedly engaging in insurance fraud that inflated financial results [2]. - The company claimed adherence to a code of conduct prohibiting misconduct, yet it allowed a culture of unchecked sexual harassment, violating its own policies [2]. Group 2: Shareholder Actions - Shareholders who purchased shares during the specified class period are encouraged to register for potential lead plaintiff appointment, with a deadline set for July 1, 2024 [3][5]. - Registered shareholders will receive updates through portfolio monitoring software regarding the case's progress [3]. Group 3: Legal Representation - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders, emphasizing its commitment to protecting investor rights against deceit and fraud [5].

Class Period: May 8, 2019 – April 10, 2024 Lead Plaintiff Deadline: July 1, 2024 Website: www.hbsslaw.com/investor-fraud/gl Contact An Attorney Now: GL@hbsslaw.com Phone: 844-916-0895 The lawsuit, filed on behalf of investors, alleges that Globe Life made misleading statements and failed to disclose crucial information concerning potential widespread insurance fraud at AIL and a pervasive culture of sexual harassment. Fuzzy Panda further implicated AIL leadership, alleging fraudulent practices escalated und ...

The Zacks Consensus Estimate for Globe Life's 2024 earnings per share indicates a year-over-year increase of 10%. The consensus estimate for revenues is pegged at $5.83 billion, implying a year-over-year improvement of 5.7%. Earnings have improved 12.4% in the past five years, better than the industry average of 4.5%. The Zacks Consensus Estimate for GL's 2024 and 2025 earnings has moved 1% and 2.4% north, respectively, in the past 60 days. This should instill investors' confidence in the stock. Globe Life ...

NEW YORK, June 23, 2024 (GLOBE NEWSWIRE) -- DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made numerous materially false and misleading statements and omissions concerning: (1) Globe Life's consistent premium revenue growth, particularly from American Income Life Insurance Company ("AIL"); and (2) Globe Life's Code of Business Conduct and Ethics (the "Code of Conduct"). Specifically, defendants repeatedly attributed Globe Life's consistent premium revenue growth "to ...

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Globe Life Inc. f/k/a Torchmark Corporation (NYSE: GL) between May 8, 2019 and April 10, 2024, both dates inclusive (the "Class Period"), of the important July 1, 2024 lead plaintiff deadline. So what: If you purchased Globe Life common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Details of the case: Acco ...

Core Insights - Globe Life Inc. is facing serious allegations of fraud at its subsidiary American Income Life (AIL), with claims of over $200 million in fraudulent life insurance premiums written by AIL sales teams under the leadership of CEO Steve Greer and President Dave Zophin [1][4] - A federal investigation by the Department of Justice (DOJ) is underway, focusing on AIL's sales tactics, with subpoenas issued in late 2023 [2] - A securities class action lawsuit has been filed against Globe Life, alleging misleading statements and failure to disclose critical information regarding the fraud and a culture of sexual harassment at AIL [3][4] Allegations of Fraud - The fraudulent practices include issuing policies for deceased or fictitious individuals, forging signatures, unauthorized withdrawals from customer accounts, and generating fake policies to meet performance targets [8] - A potential bribery and kickback scheme involving $43 million has been uncovered, linked to Globe Life executives concealing ownership of an insurance licensing testing vendor [5] Impact on Stock and Reputation - Following the emergence of these allegations, Globe Life's stock price plummeted by $55.76, approximately 53%, on April 11, 2024 [9] - The company is also facing scrutiny from another short-seller, Viceroy Research, which is investigating whether Globe Life concealed widespread fraudulent practices at AIL [6] Additional Concerns - Background checks on AIL's top-performing agents revealed serious allegations, including kidnapping and assault, alongside a high number of fraud accusations related to wrongful termination and sexual harassment claims [10]

NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Globe Life Inc. f/k/a Torchmark Corporation (NYSE: GL). Shareholders who purchased shares of GL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/globe-life-loss-submission-form/?id=85776&from=3 CLASS PERIO ...

LOS ANGELES, June 18, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Globe Life Inc. ("Globe Life" or "the Company") (NYSE: GL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. If you are a shareholder who suffered a loss, click here to participate. The class, in this case, has not yet been certified, ...

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Globe Life investors who were adversely affected by alleged securities fraud between May 8, 2019 and April 10, 2024. Follow the link below to get more information and be contacted by a member of our team: GL investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363- 7500. WHAT'S NEXT? If you suffered a loss in Globe Life during the relevant time frame, you have until July 1, 2024 to request t ...