Globe Life ($GL) Shares Plunge 40% Amid Fraud Allegations, Trading Halted

Globe Life Inc. ($GL) is facing significant scrutiny following a report by Fuzzy Panda Research, which alleges that the company's executives were involved in a widespread insurance fraud scheme while receiving millions in undisclosed kickbacks. The report has led to a sharp decline in Globe Life's stock, with shares plummeting 40% and trading being halted. The negative impact on the stock was further exacerbated by a 7% drop immediately after the publication of the Fuzzy Panda report. The situation has prompted discussions about potential legal consequences for those involved.