Globe Life(US:GL) prnewswire.comยท2024-05-29 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] Group 1: Allegations and Misconduct - Globe Life reported consistent premium revenue growth, particularly from American Income Life Insurance Company, while allegedly engaging in fraudulent activities 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: Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for a class action lawsuit, 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 Commitment - The Gross Law Firm aims to protect investors' rights against deceit and fraud, emphasizing the importance of responsible business practices [4] - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to stock price inflation [4]