Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Globe Life Inc. (GL)

Core Viewpoint - Globe Life Inc. is facing a class action lawsuit due to allegations of widespread insurance fraud and other misconduct, with a deadline for investors to file a lead plaintiff motion by July 1, 2024 [1][3][4]. Group 1: Allegations and Impact - Fuzzy Panda Research published a report on April 11, 2024, claiming Globe Life engaged in insurance fraud, including unauthorized withdrawals from consumer accounts and writing policies for deceased individuals, leading to a significant stock price drop of $55.76, or 53.11%, closing at $49.17 per share [3]. - The class action complaint alleges that Globe Life made materially false and misleading statements and failed to disclose adverse facts about its business, including the fraud and a culture of unchecked sexual harassment [4]. Group 2: Legal Proceedings - Investors who purchased Globe Life common stock between May 8, 2019, and April 10, 2024, are eligible to file a motion to be appointed as lead plaintiff in the class action lawsuit by the July 1, 2024 deadline [1][6]. - Interested investors can contact Glancy Prongay & Murray LLP for more information regarding their rights and the class action process [2][6].