Philadelphia, Pennsylvania--(Newsfile Corp. - November 19, 2024) - Kaskela Law LLC announces that it is investigating Globe Life Inc. (NYSE: GL), formerly known as Torchmark Corp., on behalf of the company's long-term shareholders.
Click here for additional information: https://kaskelalaw.com/case/globe-life/
Recently a securities fraud complaint was filed against Globe Life on behalf of investors who purchased shares of the company's stock between May 8, 2019 and April 10, 2024. According to the complaint, during that time period Globe Life and certain of its executive officers issued a series of materially false and misleading statements to investors in violation of the federal securities laws.
As further detailed in the complaint, on April 11, 2024, investment research firm Fuzzy Panda "reported that Globe Life and its subsidiaries had engaged in widespread insurance fraud by adding policies to existing users' account without their consent, as well as underwriting policies for dead and fictitious people. The article also revealed that Globe Life also maintained a hostile workplace where sexual harassment, drug use, and sexual assault went unchecked."
Following this report, shares of Globe Life's stock fell by $55.76 per share, or 53% in value, to close on April 10, 2024 at $49.17 per share, on unusually heavy trading volume.
The investigation seeks to determine whether the members of Globe Life's board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.
Globe Life shareholders who purchased or acquired their currently held GL shares prior to April 11, 2024 are encouraged to contact Kaskela Law LLC shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750 for additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser):
https://kaskelalaw.com/case/globe-life/
This notice may constitute attorney advertising in certain jurisdictions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230462
