Globe Life(US:GL) prnewswire.comยท2024-05-21 09:45Core Viewpoint - Globe Life Inc. is facing allegations of widespread insurance fraud and a culture of sexual harassment, which has led to artificially inflated stock prices during the class period from May 8, 2019, to April 10, 2024 [2]. Group 1: Allegations and Company Conduct - Globe Life reported consistent premium revenue growth, particularly from American Income Life Insurance Company (AIL), while allegedly engaging in fraudulent activities that inflated financial results [2]. - The company claimed adherence to a code of conduct prohibiting misconduct and ensuring a safe workplace, yet it is accused of allowing unchecked sexual harassment [2]. Group 2: Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of July 1, 2024, to seek lead plaintiff status [3]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. Group 3: Law Firm's Role - The Gross Law Firm aims to protect investors' rights against deceit and fraud, seeking recovery for losses incurred due to misleading statements that inflated stock prices [4].