Shareholder Alert: Bernstein Litowitz Berger & Grossmann LLP Announces the Filing of Securities Class Action Lawsuit Against Globe Life Inc. f/k/a Torchmark Corporation
Today, prominent investor rights law firm
BLB&G filed this action on behalf of its client, City of Miami General Employees’ & Sanitation Employees’
Globe Life’s Alleged Fraud
Globe Life is an insurance company offering a wide range of insurance products, including low-cost life insurance policies that offer comparatively lower payouts. Globe Life operates through five wholly owned subsidiaries, the largest of which, by both premiums collected and number of sales agents employed, is
The complaint alleges that, throughout the Class Period, Defendants made numerous materially false and misleading statements and omissions concerning: (i) Globe Life’s consistent premium revenue growth, particularly from AIL; and (ii) Globe Life’s Code of Business Conduct and Ethics (the “Code of Conduct”). Specifically, Defendants repeatedly attributed the Company’s consistent premium revenue growth “to increased agent count and productivity.” In addition, Globe Life’s Code of Conduct stated, among other things, that “[t]he Company is committed to providing an inclusive and welcoming environment,” that “[v]iolence and threatening behavior are not permitted,” and that “[t]he use of illegal drugs in the workplace will not be tolerated.” As a result of these misrepresentation, Globe Life common stock traded at artificially inflated prices during the Class Period.
The truth was revealed on
If you wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later than
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact
About BLB&G
BLB&G is widely recognized worldwide as a leading law firm advising institutional investors on issues related to corporate governance, shareholder rights, and securities litigation. Since its founding in 1983, BLB&G has built an international reputation for excellence and integrity and pioneered the use of the litigation process to achieve precedent-setting governance reforms. Unique among its peers, BLB&G has obtained several of the largest and most significant securities recoveries in history, recovering over
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