Globe Life(US:GL) Prnewswireยท2024-06-28 09:45Core 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].