Globe Life(GL) GlobeNewswire News Room·2025-02-17 13:30Core Viewpoint - Kaskela Law LLC is investigating Globe Life Inc. for potential securities fraud and misconduct related to misleading statements made to investors between May 8, 2019, and April 10, 2024 [2][4]. Group 1: Allegations and Complaints - A securities fraud complaint has been filed against Globe Life, alleging that the company and its executives issued materially false and misleading statements in violation of federal securities laws [2]. - The complaint details that Globe Life engaged in widespread insurance fraud, including adding policies to existing users' accounts without consent and underwriting policies for deceased or fictitious individuals [3]. - The report also claims that Globe Life maintained a hostile workplace environment characterized by unchecked sexual harassment, drug use, and sexual assault [3]. Group 2: Financial Impact - Following the allegations reported by Fuzzy Panda, Globe Life's stock price plummeted by 49.17 per share on April 10, 2024, with unusually high trading volume [4]. Group 3: Legal Actions - The investigation aims to determine if Globe Life's board of directors violated securities laws or breached their fiduciary duties in relation to the alleged misconduct [4]. - Shareholders who acquired Globe Life shares before April 11, 2024, are encouraged to contact Kaskela Law LLC for information regarding their legal rights and options [5].