NEW ORLEANS, May 3, 2024 /PRNewswire/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 1, 2024 to file lead plaintiff applications in a securities class action lawsuit against Globe Life Inc. f/k/a Torchmark Corporation (NYSE: GL), if they purchased or otherwise acquired the Company’s shares between May 8, 2019 and April 10, 2024, inclusive (the “Class Period”). Long term holders of GL are also encouraged to contact the firm. This action is pending in the United States District Court for the Eastern District of Texas.
Get Help
Globe Life investors should visit us at https://claimsfiler.com/cases/nyse-gl/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Globe Life and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 11, 2024, investment research firm Fuzzy Panda reported that the Company and its subsidiaries had engaged in widespread insurance fraud by adding policies to existing users’ accounts without consent, underwriting policies for dead and fictitious people, and also maintained a hostile workplace where sexual harassment, drug use, and sexual assault went unchecked.
On this news, the price of Globe Life’s shares fell by $55.76 per share, or 53%, from a closing price of $104.93 per share on April 10, 2024, to a closing price of $49.17 per share on April 11, 2024.
The case is City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. Globe Life Inc., et al, No. 24-cv-376.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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