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GL INVESTOR NOTICE: Long-term Shareholders of Globe Life Inc. (NYSE:GL) are Notified to Contact BFA Law about Ongoing Investigation into the Company
Globe LifeGlobe Life(US:GL) GlobeNewswire News Roomยท2024-07-13 10:48

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].