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Globe Life Inc.

Company NameGlobe Life Inc.
Stock SymbolGL

On April 11, 2024, Fuzzy Panda Research published a report alleging, among other things, that Globe Life is engaged in widespread insurance fraud including withdrawing funds from consumer bank accounts without approval, writing policies for dead and fictitious people, forging customer signatures and actuarial fraud.

On this news, Globe Life’s stock price fell $55.76, or 53.11%, to close at $49.17 per share on April 11, 2024, thereby injuring investors.

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