{"id":5684,"date":"2024-04-15T08:15:00","date_gmt":"2024-04-15T01:15:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/04\/15\/2862483\/0\/en\/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.html2862483"},"modified":"2024-04-15T08:15:00","modified_gmt":"2024-04-15T01:15:00","slug":"investigation-alert-nysegl-dicello-levitt-llp-is-investigating-investor-claims-against-globe-life-inc-and-encourages-gl-investors-with-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/investigation-alert-nysegl-dicello-levitt-llp-is-investigating-investor-claims-against-globe-life-inc-and-encourages-gl-investors-with-losses-to-contact-the-firm\/","title":{"rendered":"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"},"content":{"rendered":"\n<p align=\"justify\">SAN DIEGO, April 14, 2024 (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Globe Life Inc. (\u201cGlobe Life\u201d or the \u201cCompany\u201d) (NYSE: GL) complied with federal securities laws. The firm\u2019s 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.<\/p>\n<p align=\"justify\">Investors who purchased Globe Life securities and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt partner Brian O\u2019Mara by calling (888) 287-9005 or at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k1gVqAfUMi1q_e_Bb8yxwZRW9jfa4Sh1k-ALza1Zbbx-yNYPVtgLEs3oKjFl4sMBOcQYk5h8PZ6YzwTI9cbj5v0FKKDIAFDN8Sqw-PzEnWnCcU6huf9zLjl3upniknnK\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investors@dicellolevitt.com\">investors@dicellolevitt.com<\/a>.<\/p>\n<p align=\"justify\">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.<\/p>\n<p><strong>Investigation Details:<\/strong><\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">On April 11, 2024, Fuzzy Panda Research published a critical research report titled \u201c<em>Globe Life (GL): Executives Disregarded Wide-Ranging \u2018Insurance Fraud\u2019 While They Received Millions in Undisclosed Kick-Back Scheme<\/em>,\u201d alleging, among other things, that it \u201cuncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times.\u201d According to the report, Fuzzy Panda claims that the alleged fraud and \u201cbribery and kickback scheme\u201d 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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p><strong>About DiCello Levitt:<\/strong><\/p>\n<p align=\"justify\">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 \u2013 whether by trial, settlement, or otherwise \u2013 for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens\u2019 rights and interests. Every day, we put our reputations \u2013 and our capital \u2013 on the line for our clients.<\/p>\n<p align=\"justify\">DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the <em>National Law Journal<\/em>, in addition to its top-tier <em>Chambers<\/em> and <em>Benchmark<\/em> ratings. The <em>New York Law Journal<\/em> 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.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p><strong>Media Contact<\/strong><\/p>\n<p align=\"justify\">Amy Coker<br \/>4747 Executive Drive, Suite 240<br \/>Second Floor<br \/>San Diego, CA 92121<br \/>619-963-2426<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k1gVqAfUMi1q_e_Bb8yxwZRW9jfa4Sh1k-ALza1ZbbyImHuK2eU0TRHkIUcdBXwxU6zCZ8VSeFTeE3X7xX3NtqPaAZspBUiY4TU95s51vXHFN2IYKehiGXZgMO2QIwAL\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investors@dicellolevitt.com\">investors@dicellolevitt.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/M2UxMGVjZjktYjE5MS00ZDExLTk5ZTYtMGVjYTg1YzFjYjBlLTEyODY2MzI=\/tiny\/DiCello-Levitt-LLP.png\" referrerpolicy=\"no-referrer-when-downgrade\"> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> SAN DIEGO, April 14, 2024 (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Globe Life Inc. (\u201cGlobe Life\u201d or the \u201cCompany\u201d) (NYSE: GL) complied with federal securities laws. The firm\u2019s 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5685,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[75,1406],"tags":[],"class_list":["post-5684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-globenewswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>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<\/title>\n<meta name=\"description\" content=\"SAN DIEGO, April 14, 2024 (GLOBE NEWSWIRE) -- DiCello Levitt LLP announces that it is investigating whether Globe Life Inc. 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The firm\u2019s 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. 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