SAN FRANCISCO, April 11, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Globe Life Inc. (NYSE:GL) investors who suffered substantial losses to submit your losses now.
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Globe Life Inc. (GL) Investigation:
On April 11, 2024, the price of Global Life shares crashed as much as $57, or down about 54%, after Fuzzy Panda Research published a scathing research report entitled "Globe Life (GL): Executives Disregard Wide-Ranging ‘Insurance Fraud' While They Received Millions in Undisclosed Kickback Scheme."
The Fuzzy Panda report, based in part on interviews with dozens of former executives and agents, accuses Globe Life's largest subsidiary (American Income Life, or "AIL") of engaging in insurance fraud that includes: (1) writing policies for dead and fictitious people; (2) forging signatures; (3) withdrawing funds from ...