San Diego, CA -- (SBWire) -- 08/30/2023 --An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Globe Life Inc.
Investors who purchased shares of Globe Life Inc. (NYSE: GL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Globe Life Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
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
A former agent of American Income Life Insurance, Globe Life's largest insurance subsidiary, filed a civil lawsuit against American Income Life Insurance and her male managers. 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. Top managers at American Income Life Insurance were allegedly aware of allegations of inappropriate sexual misconduct and drug abuse as far back as 2015, when a claim of misbehavior by top managers was escalated to American Income Life Insurance senior management.
Shares of Globe Life Inc. (NYSE: GL) closed on August 24, 2023 at $110.87 per share.
Those who purchased shares of Globe Life Inc. (NYSE: GL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
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.
NYSE:GL Investor Alert: Investigation over Potential Wrongdoing at Globe Life Inc.
An investigation on behalf of investors in Globe Life Inc. (NYSE:GL) shares over potential wrongdoing at Globe Life Inc. was announced.