GLOBE LIFE, INC. INVESTORS: Pending Lead Plaintiff Deadline in GL Securities Fraud Class Action; Stockholders Should Contact Robbins LLP for Information

Core Viewpoint - Globe Life, Inc. is facing a class action lawsuit due to allegations of widespread insurance fraud and a hostile workplace environment, which has significantly impacted its stock price [3][8]. Group 1: Company Overview - Globe Life, Inc., formerly known as Torchmark Corporation, is an insurance company that provides a variety of insurance products, including life insurance, mortgage protections, and supplemental health insurance [7]. - The company operates five wholly owned insurance subsidiaries, with the Income Life Insurance Company (AIL) being the largest, contributing 50% of the company's profits in 2022 and 2023 [1][7]. Group 2: Allegations and Impact - The complaint alleges that Globe Life engaged in insurance fraud by underwriting policies for deceased and fictitious individuals and adding policies to existing users' accounts without their consent [3]. - The investment research firm Fuzzy Panda reported that Globe Life allowed a culture of unchecked sexual harassment and maintained a hostile workplace environment, violating the company's Code of Conduct [3]. - Following these allegations, Globe Life's stock price plummeted by $55.76, or 53%, from $104.93 per share on April 10, 2024, to $49.17 per share on April 11, 2024 [8]. Group 3: Legal Proceedings - A class action lawsuit has been filed on behalf of all individuals and entities that purchased Globe Life common stock between May 8, 2019, and April 10, 2024 [7]. - Shareholders interested in serving as lead plaintiffs must file their motions by July 1, 2024 [4].