Globe Life
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On April 11, 2024, Fuzzy Panda Research released a report titled, “Globe Life (GL): Executives Disregarded Wide-Ranging ‘Insurance Fraud’ While They Received Millions in Undisclosed Kick-Back Scheme.” The report accused the company’s management of ignoring insurance fraud and detailed various malpractices, including policies issued in the names of deceased and imaginary individuals, coerced signatures, unauthorized withdrawals from consumer bank accounts, and the use of fictitious bank accounts to finance numerous fraudulent policies.
Following the release of this report, shares of Globe Life plummeted by $55.76 each, a 53% decrease, ending the day at $49.17 on April 11, 2024, amid exceptionally high trading volume.
