GLOBE LIFE SHAREHOLDER ALERT FROM FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses Over $100,000 of Lead Plaintiff Deadlines in Class Action Lawsuit Against Globe Life Inc. – GL

NEW ORLEANS, May 24, 2024 /PRNewswire/ — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until July 1, 2024 to file lead plaintiff motions in a class action lawsuit against Globe Life Inc., formerly known as Torchmark Corporation (NYSE: GL), if they purchased or otherwise acquired the Company’s stock between May 8, 2019 and April 10, 2024, inclusive (the “Class Period”). Long-term holders of GL are also encouraged to contact the Firm. This action is pending in the U.S. District Court for the Eastern District of Texas.

What you can do

If you purchased shares of Globe Life and would like to discuss your legal rights and how this case affects you and your right to recover your economic loss, you may contact KSF Managing Partner Lewis Kahn without obligation and at no cost. He can be reached toll-free at 1-877-515-1850 or by email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-gl/ to learn more. If you wish to serve as lead plaintiff in this class action, you must move the Court by July 1, 2024.

About the lawsuit

Globe Life and certain of its executives are alleged to have failed to disclose material information during the Class Period, in violation of the federal securities laws.

On April 11, 2024, investment research firm Fuzzy Panda reported that the company and its subsidiaries committed insurance fraud on a large scale by adding policies to existing users’ accounts without consent, underwriting policies for dead and fictitious people, and also maintaining a hostile work environment in which sexual harassment, drug use, and sexual assault went unpunished.

On this news, Globe Life stock price fell by $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 per share on April 11, 2024.

The case is General Employees’ & Sanitation Employees’ Retirement Trust of the City of Miami 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 firms. KSF serves a wide range of clients – including public institutional investors, hedge funds, asset managers and individual investors – in recovering investment losses resulting from corporate fraud or abuse of authority by publicly traded companies. KSF maintains 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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