GLOBE LIFE Shareholder Alert From Former Louisiana Attorney General: KAHN SWICK & FOTI, LLC Reminds Investors With Losses Exceeding $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Globe Life Inc. – GL

NEW ORLEANS, May 10, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time have July 1, 2024 to file lead plaintiff motions in a securities class action lawsuit against Globe Life Inc., formerly Torchmark Corporation (NYSE: GL), if they purchased or otherwise acquired the Company’s shares between May 8, 2019 and April 10, 2024, inclusive (the “lesson”). Long-term GL holders are also encouraged to contact the company. This lawsuit is pending in the U.S. District Court for the Eastern District of Texas.

What you can do

If you have purchased shares in Globe Life and would like to discuss your legal rights and what impact this case may have on you and your right to compensation for your economic loss, you can contact KSF’s Managing Partner, Lewis, without obligation and at no cost to you Kahn, turn. To learn more, call 1-877-515-1850 or email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-gl/. If you would like to serve as lead plaintiff in this class action lawsuit, you must file a motion with the court by mail July 1, 2024.

About the lawsuit

Globe Life and certain of its executives are accused of failing to disclose material information during the Class Period, thereby violating federal securities laws.

On April 11, 2024, investment research firm Fuzzy Panda reported that the company and its subsidiaries engaged in widespread insurance fraud by adding policies to existing users’ accounts without consent, underwriting policies for dead and fictitious people, and also maintaining a hostile workplace and sexual harassment , drug use and sexual assault remained unchecked.

On this news, the price of Globe Life stock fell $55.76 per share, or 53%, from a closing price of $104.93 per share on April 10, 2024 to a closing price of $49.17 Dollars per share on April 11, 2024.

The case is City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. Globe Life Inc., et al. No. 24-cv-376.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, asset managers and retail investors – in obtaining compensation for investment losses resulting from corporate fraud or misconduct by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC