Globe Life becomes target of second short seller this month [Reuters]
Globe Life Inc. (GL)
Last globe life inc. earnings: 4/22 04:10 pm
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Source: Reuters
The short seller said it had conducted an extensive investigation of the company and its subsidiary American Income Life (AIL), and concluded that "fraudulent, dishonest, and misleading sales tactics are core to AIL's operations." Globe Life did not immediately respond to a Reuters request for comment. Its shares, which had tumbled 10% before the bell, were last down 1.5% at $76.90 in early trading. Viceroy's financial analysis showed structural cash flow issues, increasing risks of employee misclassification, and deals with offshore reinsurers to provide Globe Life liquidity against impaired assets. Reuters could not independently verify the contents of the report. also disclosed a short position in Globe Life earlier this month, alleging multiple instances of insurance fraud. Report this ad Bets against Globe Life have fetched $131.3 million in paper profits for short sellers this year, according to Ortex. The data showed profits peaked at $205 million on April 11, the
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News
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Globe Life Inc. with Losses to Contact the FirmAccesswire
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Akero Therapeutics, Inc. with Losses to Contact the FirmAccesswire
- Lowey Dannenberg, P.C. is Investigating Global Life Inc. (“Global Life”) (NYSE: GL) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the FirmGlobeNewswire
- Shareholders that lost money on Globe Life Inc. f/k/a Torchmark Corporation(GL) should contact Levi & Korsinsky about pending Class Action - GLAccesswire
- Shareholders of Globe Life Inc. f/k/a Torchmark Corporation Should Contact Levi & Korsinsky Before July 1, 2024 to Discuss Your Rights – GLAccesswire
GL
Earnings
- 4/22/24 - Miss
GL
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 13F-HR
- 4/30/24 - Form 4/A
- GL's page on the SEC website