Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

INVESTIGATION ALERT (NYSE:GL): DiCello Levitt LLP Is Investigating Investor Claims Against Globe Life Inc. and Encourages GL Investors with Losses to Contact the Firm

SAN DIEGO, April 14, 2024 (GLOBE NEWSWIRE) -- DiCello Levitt LLP announces that it is investigating whether Globe Life Inc. (“Globe Life” or the “Company”) (NYSE: GL) complied with federal securities laws. The firm’s investigation focuses on whether the Company violated the federal securities laws and issued false and/or misleading statements and/or failed to disclose information required to be disclosed to investors.

Investors who purchased Globe Life securities and those with information about the allegations are encouraged to obtain additional information and assist the firm’s investigation by contacting DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com.

No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.

Investigation Details:

Globe Life is a $10 billion insurance company that sells policies through multiple subsidiaries. The biggest subsidiary is American Income Life (AIL), which accounts for 39% of total premiums; and 50% of total underwriting profits.

On April 11, 2024, Fuzzy Panda Research published a critical research report titled “Globe Life (GL): Executives Disregarded Wide-Ranging ‘Insurance Fraud’ While They Received Millions in Undisclosed Kick-Back Scheme,” alleging, among other things, that it “uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times.” According to the report, Fuzzy Panda claims that the alleged fraud and “bribery and kickback scheme” is confirmed through interviews with dozens of former executives and agents, a whistleblower from the executive ranks, undercover investigations, and a former VP at AIL who told Fuzzy Panda that he sent over 200 emails detailing the fraud to Globe Life executives.

In response to the Fuzzy Panda Research report, shares of Globe Life plunged to their lowest in over a decade on April 11, 2024, falling more than 53% (or more than $55) from its close on April 10, 2024, to end the trading session at $49.17.

About DiCello Levitt:

At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations – and our capital – on the line for our clients.

DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal, in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Media Contact

Amy Coker
4747 Executive Drive, Suite 240
Second Floor
San Diego, CA 92121
619-963-2426
investors@dicellolevitt.com


Primary Logo

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.