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GL.US
id: 1044, Created by , Scout

Globe Life (GL) Toxic Workplace Conditions Case

  • On February 24, 2023, Insider published an on misogyny and toxic workplace conditions at a top state general agent of Globe Life’s insurance subsidiary.
  • On it, $GL fell 0.92%, losing $105M+ of shareholder value.
  • Investors may have grounds to suspect Globe Life’s BoD or senior management of breach of their fiduciary duties, which led to their losses.
On February 24, 2023, Insider published an article describing pervasive misogyny and toxic workplace conditions at Arias Agency, a top state general agent of American Income Life Insurance Company (“AIL”), Globe Life’s largest insurance subsidiary.

On this news, $GL fell 0.92% and lost over $105 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that certain directors and officers of Globe Life breached their fiduciary duties to Globe Life and its shareholders, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
27 February 2023
Collecting participants…

Globe Life Inc

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 comp...

    Ticker
    GL.US
    ISIN
    US37959E1029
    CIK
    320335
    Sector
    Financial Services
    Industry
    Insurance - Life
    Country
    USA
    Address
    3700 South Stonebridge Drive, McKinney, TX, United States, 75070