A report published by Fuzzy Panda Research on April 11, 2024, claimed there was widespread fraud at the company. In the wake of the Fuzzy Panda Research report, the price of Globe Life stock fell $55.76 per share, or 53.11%.
NEWTOWN, PA / ACCESSWIRE / April 18, 2024 / Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving Globe Life Inc. (NYSE:GL) resulting from allegations of providing potentially misleading business information to the investing public.
If you have non-public information that could assist in the Globe Life Investigation or if you are a Globe Life investor who suffered a loss and would like to learn more, you can provide your information HERE.
You can also contact attorneys Eric Lechtzin or Marc Edelson of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@edelson-law.com or medelson@edelson-law.com.
THE COMPANY: Globe Life, based in McKinney, Texas, offers life insurance, annuities, and supplemental health insurance.
THE ALLEGED WRONGDOING: Globe Life, the parent company of American Income Life, is currently facing allegations of insurance fraud. A report published by Fuzzy Panda Research on April 11, 2024, claimed there was widespread fraud at the company. The alleged fraud includes policies written under the names of deceased and fictitious individuals, and a kickback scheme benefiting senior executives. Fuzzy Panda Research claimed to have conducted extensive research, including reviewing court documents, interviewing former insiders, and utilizing a whistleblower to uncover the alleged fraud.
THE REVELATION: In the wake of the Fuzzy Panda Research report, the price of Globe Life stock fell $55.76 per share, or 53.11%, to close at $49.17 per share on April 11, 2024.
ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and dangerous and defective drugs and medical devices.
For more information, please contact:
Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: medelson@edelson-law.com
Email: elechtzin@edelson-law.com
Web: www.edelson-law.com
This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery does not depend upon serving as lead plaintiff.
SOURCE: Edelson Lechtzin LLP
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