Security Investigation

Globe Life Inc. f/k/a Torchmark (NYSE: GL)

38 Days left to seek lead plaintiff status.

Company Name:Globe Life Inc. f/k/a Torchmark Corporation
Stock Symbol:NYSE: GL
Court:Eastern District of Texas
Class Period Start:05/08/2019
Class Period End (inclusive):04/10/2024
Filing Deadline:07/01/2024

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind 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 (“Globe Life” or the “Company”) (NYSE: GL).

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.

If you purchased shares of Globe Life and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. Globe Life Inc., et al, No. 24-cv-376.

Click here to read the first filed complaint.