An investigation for investors in Globe Life Inc. (NYSE:GL) shares over potential securities laws violations by Globe Life Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/16/2023 -- An investigation was announced for investors of Globe Life Inc. (NYSE: GL) shares over potential securities laws violations by Globe Life Inc. in connection with certain financial statements.
Investors who purchased shares of Globe Life Inc. (NYSE: GL), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Globe Life Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
McKinney, TX based Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The
Globe Life Inc. reported that its annual Total Revenue rose from over $5.11 billion in 2021 to over $5.21 billion in 2022, and that its Net Income decreased from $744.95 million in 2021 to $739.7 million in 2022.
A former agent of American Income Life Insurance, Globe Life's largest insurance subsidiary, filed a civil lawsuit. The lawsuit against Simon Arias III, President of the Agency, and others alleges a pattern of unchecked sexual assault and harassment at the agency. The lawsuit describes a culture of abuse at a workplace that operated without guardrails.
Shares of Globe Life Inc. (NYSE: GL) closed on March15, 2023 at $107.62 per share.
Those who purchased shares of Globe Life Inc. (NYSE: GL) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.