Core 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][6]. 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: Legal Actions and Shareholder Information - The Gross Law Firm is representing shareholders in a class action lawsuit against Globe Life, emphasizing the need for companies to engage in responsible business practices [3]. - Shareholders who purchased shares during the class period are encouraged to register for the class action, with a deadline set for July 1, 2024 [5][6].
Investors in Globe Life Inc. f/k/a Torchmark Corporation Should Contact The Gross Law Firm Before July 1, 2024 to Discuss Your Rights – GL