{"id":989574,"date":"2026-08-04T15:23:00","date_gmt":"2026-08-04T19:23:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/"},"modified":"2026-08-04T15:23:00","modified_gmt":"2026-08-04T19:23:00","slug":"abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/","title":{"rendered":"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nAbacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court<\/p>\n<p class=\"bwalignc\"><i>Last Month, the Court Ruled Plausible Evidence of a \u201cscheme to destroy Abacus through suggestions of malfeasance\u201d Exists \u2013 Depositions, including Chairman Buerger and Coventry Executive Team to Move Ahead<\/i><\/p>\n<p class=\"bwalignc\"><i>Abacus Alleged a Years-Long Campaign to Systematically Disseminate False and Misleading Information About the Publicly-Traded Company<\/i><\/p>\n<p>ORLANDO, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAbacus Global Management, Inc. (\u201cAbacus\u201d) (NYSE: ABX), a leader in the alternative asset management space, today issued the following statement regarding its ongoing defamation and anticompetitive conduct lawsuit against Coventry First LLC, parent company of life settlements provider Coventry Direct (\u201cCoventry\u201d). The U.S. District Court, Middle District of Florida Orlando Division, has allowed the case to proceed <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.abacusgm.com%2Fnews-events%2Fpress-releases%2Fdetail%2F188%2Fabacus-global-managements-defamation-suit-against-coventry-and-its-chairman-alan-buerger-advances-in-u-s-district-court&amp;esheet=54583465&amp;newsitemid=20260804453149&amp;lan=en-US&amp;anchor=via+a+ruling+in+June&amp;index=1&amp;md5=1227ce65580f4e221a6e1924e5cd97ba\">via a ruling in June<\/a>, and depositions are ongoing. The court ruled Abacus\u2019s filings were plausible submissions to prove a scheme to destroy Abacus through suggestions of malfeasance.<\/p>\n<p>\nIn response, Coventry today released a handful of out of context documents that they claim prove their conspiracy theories about Abacus and life expectancy provider Lapetus Solutions that Coventry put out of business last year. The documents were attached to Coventry\u2019s affirmative defenses and counterclaims to Abacus\u2019s five-count complaint; notably, Coventry does not claim in its filing that Abacus engaged in anticompetitive conduct or unfair and deceptive business practice. In any event, none of these documents (or any others in the case) support Coventry\u2019s wild claims that Abacus was using Lapetus to distort the market. The reality is that Coventry has no evidence that Lapetus systematically underestimated life expectancies, let alone deliberately, and Abacus\u2019s financial statements and internal controls over financial reporting have been found \u201cin compliance with GAAP by a respected public company auditor in every annual audit.\u201d<\/p>\n<p>\n\u201cToday\u2019s actions are just another effort to publicly distract from the court&#8217;s unambiguous ruling that the case will move ahead, which found that Abacus alleged plausible claims of defamation and anticompetitive conduct,\u201d said Abacus CEO Jay Jackson. \u201cDamning deposition testimony is pouring out weekly, including from Morpheus Research, who noted Alan Buerger was &#8216;succeeding at catalyzing a public conversation\u2026about Abacus&#8217; and &#8216;had incentive to make Abacus look bad.&#8217; Coventry is backed into a corner, so it is doing anything it can to try to get off the hook for its defamatory and anti-competitive practices, and the court and the market aren&#8217;t going to be fooled. We all know how this game is played \u2013 go through internal messages and cherry-pick non-material, informal dialogue or pull messages out of context in an attempt to repackage the same tired, discarded lies. In the end, the underlying facts are going to prove a gross defamation scheme of monumental proportions enacted by Coventry.&#8221;<\/p>\n<p>\nIn July 2025, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3Drekor5Uby6R1PCdRulpwTS8Y4zZYOsnGLlAiB57_w4Zw0OM23uRPORkWFTWWlNfjxYEhSUIFK-61IF6dVXCMaWCpn721gjYjFSvAtIqIdiFXjH2ZjbCyMDtAvH0XbF52DYu3LShZFU9OFSimtSut08RjHF8Tq7a_--03XxEmvmp3Tvw_7EXYDH3VUYoCStrZLJsoBRibRtCSMQihB6i8EDtRFG_isR-rOPYff_KID7k%3D&amp;esheet=54583465&amp;newsitemid=20260804453149&amp;lan=en-US&amp;anchor=Abacus+sued+Coventry&amp;index=2&amp;md5=519536e40c64037941a6749a86b5a82d\">Abacus sued Coventry<\/a> and its Chairman Buerger, detailing a concentrated effort to manipulate market sentiment about its biggest competitor, Abacus, through a systematic campaign to disseminate false and misleading statements about Abacus to regulators, auditors, market analysts, customers, investors and the public, causing confusion, concern, and financial injury to Abacus, its clients, and its shareholders. The lawsuit alleged a short report published by Morpheus Research on June 4, 2025 was also a Coventry attack on Abacus.<\/p>\n<p>\nThe lawsuit, filed last year, details the fundamental flaw at the center of Coventry\u2019s false claims, some of which were regurgitated today: Coventry has not identified a single instance of wrongdoing, let alone fraud, by anyone at Abacus or the life expectancy provider Coventry put out of business last year: Lapetus Solutions. And Coventry continues to omit the fact that it was Lapetus\u2019s biggest customer before Abacus went public.<\/p>\n<p>\nAbacus is represented in the lawsuit by Quinn Emanuel Urquhart &amp; Sullivan LLP.<\/p>\n<p>\nAbacus is seeking hundreds of millions in damages, some of which are still accruing, from the harms to its reputation, its customer base, and its relationships with current and potential investors.<\/p>\n<p>\nThe original lawsuit can be read <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3Db3JvmVcsficUsUjoDad5UqgANhJ0Cg3PMLIvwGNzzHjodqoGNNrgMoRDY4GDKBS3vub_HCEDbG1HP7HNcakdPoFGgUw298iqkPcT5dIIC_jKoyQ-YZvDKF5rgUjUfcVNtpNK6xkNGgI-lOvqZdMTwN_sA9CZg10Zd_qLCc4YSb3TmxLkfIpdFzepc8fW-Fju8gYNzDeInyBHg6NS-tbItMxXYod85WQWH-AtBHBKOdA%3D&amp;esheet=54583465&amp;newsitemid=20260804453149&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=a72e56c677709a300b3f244a68dde612\">here<\/a>.<\/p>\n<p><b>About Abacus<\/b><\/p>\n<p>\nAbacus Global Management (NYSE: ABX) is a leading financial services company specializing in alternative asset management, data\u2011driven wealth solutions, technology innovations, and institutional services. With a focus on longevity\u2011based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.<\/p>\n<p>\nFor more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.abacusgm.com&amp;esheet=54583465&amp;newsitemid=20260804453149&amp;lan=en-US&amp;anchor=www.abacusgm.com&amp;index=4&amp;md5=a4bc2754a030fdc5ab70e792e09720aa\">www.abacusgm.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260804453149r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260804453149\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260804453149\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations<br \/>\n<br \/><\/b>David Jackson \u2013 Head of Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:david@abacusgm.com\">david@abacusgm.com<\/a> | (321) 299\u20110716<\/p>\n<p><b>Public Relations<br \/>\n<br \/><\/b><a rel=\"nofollow\" href=\"mailto:press@abacusgm.com\">press@abacusgm.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Florida United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Insurance Finance Fintech Banking Other Technology Professional Services Data Analytics Asset Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260804453149\/en\/2868157\/3\/ABX_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court Last Month, the Court Ruled Plausible Evidence of a \u201cscheme to destroy Abacus through suggestions of malfeasance\u201d Exists \u2013 Depositions, including Chairman Buerger and Coventry Executive Team to Move Ahead Abacus Alleged a Years-Long Campaign to Systematically Disseminate False and Misleading Information About the Publicly-Traded Company ORLANDO, Fla.&#8211;(BUSINESS WIRE)&#8211; Abacus Global Management, Inc. (\u201cAbacus\u201d) (NYSE: ABX), a leader in the alternative asset management space, today issued the following statement regarding its ongoing defamation and anticompetitive conduct lawsuit against Coventry First LLC, parent company of life settlements provider Coventry Direct (\u201cCoventry\u201d). The U.S. District Court, Middle District of Florida &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-989574","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court Last Month, the Court Ruled Plausible Evidence of a \u201cscheme to destroy Abacus through suggestions of malfeasance\u201d Exists \u2013 Depositions, including Chairman Buerger and Coventry Executive Team to Move Ahead Abacus Alleged a Years-Long Campaign to Systematically Disseminate False and Misleading Information About the Publicly-Traded Company ORLANDO, Fla.&#8211;(BUSINESS WIRE)&#8211; Abacus Global Management, Inc. (\u201cAbacus\u201d) (NYSE: ABX), a leader in the alternative asset management space, today issued the following statement regarding its ongoing defamation and anticompetitive conduct lawsuit against Coventry First LLC, parent company of life settlements provider Coventry Direct (\u201cCoventry\u201d). The U.S. District Court, Middle District of Florida &hellip; Continue reading &quot;Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-04T19:23:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260804453149r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court\",\"datePublished\":\"2026-08-04T19:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\\\/\"},\"wordCount\":807,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260804453149r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\\\/\",\"name\":\"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/","og_locale":"en_US","og_type":"article","og_title":"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court - Market Newsdesk","og_description":"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court Last Month, the Court Ruled Plausible Evidence of a \u201cscheme to destroy Abacus through suggestions of malfeasance\u201d Exists \u2013 Depositions, including Chairman Buerger and Coventry Executive Team to Move Ahead Abacus Alleged a Years-Long Campaign to Systematically Disseminate False and Misleading Information About the Publicly-Traded Company ORLANDO, Fla.&#8211;(BUSINESS WIRE)&#8211; Abacus Global Management, Inc. (\u201cAbacus\u201d) (NYSE: ABX), a leader in the alternative asset management space, today issued the following statement regarding its ongoing defamation and anticompetitive conduct lawsuit against Coventry First LLC, parent company of life settlements provider Coventry Direct (\u201cCoventry\u201d). The U.S. District Court, Middle District of Florida &hellip; Continue reading \"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-04T19:23:00+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260804453149r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court","datePublished":"2026-08-04T19:23:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/"},"wordCount":807,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260804453149r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/abacus-global-management-provides-update-on-defamation-lawsuit-against-coventry-and-its-chairman-alan-buerger-which-is-advancing-in-u-s-district-court\/","name":"Abacus Global Management Provides Update on Defamation Lawsuit Against Coventry and its Chairman Alan Buerger, which is Advancing in U.S. District Court - 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