Globe Life – Legal Hold Notice

Author: Viceroy Research Published on: December 9, 2024 Published in: Globe Life NYSE:GL

December 9, 2024 – On January 22, 2024, Globe Life sent a Legal Hold Notice (LHN) to several American Income Life (AIL) agents relating to identical subpoenas sent to Globe Life and AIL from the US Department of Justice (DOJ) though the US Attorney’s Office for the Western District of Pennsylvania (USAO).

These are typically issued within an organization to preserve all relevant documents in anticipation of litigation, investigation, or legal proceedings. The LHN mandates the preservation of all documents and communications including:

Those related to the financing, business, personnel and insurance activities of AIL agencies.
Those related to insurance policies written by Arias Agencies and its affiliates including supporting documentation.
All correspondence regarding Arias Agencies with the following individuals: Simon Arias, Justin Adams, Brody Evanson, Gregory Rudolph, Natalie Price, Tristan Dlabik, and Michael Russin.

We have significant concerns that the LHN is not being complied with, putting at risk the integrity of the investigation by the DOJ and USAO.

We have appended the LHN to the end of this report.

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