The DOJ has subpoenaed Globe Life (GL) and its subsidiary American Income Life and is seeking documents related to Pittsburgh-based Arias Organization, Business Insider’s Susan Antilla reported last week. The DOJ is seeking information on insurance policies and customer payments after Business Insider reported claims of fraud. Warren Buffett’s Berkshire Hathaway (BRK.A) has sold off all 6.35 million shares it held in Globe Life, the report notes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GL:
- Complaints, probes ‘swirl around’ Globe Life subsidiary, Capitol Forum says
- Buffett’s Berkshire Trims Stake in AAPL, Adds CVX
- Berkshire Hathaway boosts Chevron position, cuts HP and Apple stakes
- Globe Life price target raised to $146 from $137 at Wells Fargo
- Globe Life price target raised to $125 from $115 at Truist
