{"id":996622,"date":"2026-08-19T08:18:11","date_gmt":"2026-08-19T12:18:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/"},"modified":"2026-08-19T08:18:11","modified_gmt":"2026-08-19T12:18:11","slug":"citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/","title":{"rendered":"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger"},"content":{"rendered":"<p>        <!--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><b>Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger<\/b><\/p>\n<p>ORLANDO, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAbacus Global Management, Inc. (&#8220;Abacus&#8221; or the &#8220;Company&#8221;) (NYSE: ABX), a leader in the alternative asset management space, announced today that it has filed a Motion for Leave to File a Second Amended Complaint in its ongoing defamation lawsuit against defendants Coventry First LLC (&#8220;Coventry&#8221;) and Alan Buerger, who co-founded Coventry and serves as its Executive Chairman. The proposed filing details Coventry and Buerger\u2019s rampant use of false and misleading statements and includes a claim for defamation per se which carries punitive damages. Coventry\u2019s potential liability for the conduct described in the complaint may exceed 100 million dollars.<\/p>\n<p>\n\u201cThis amended complaint makes clear what we\u2019ve said from the beginning: Coventry\u2019s attacks on Abacus over the last three years were never a series of isolated remarks, but rather part of a sustained, coordinated misinformation campaign intended to harm Abacus\u2019s business and reputation,\u201d said Jay Jackson, Chairman and Chief Executive Officer of Abacus. \u201cAfter having lost significant market share to Abacus based on our superior product, pricing and transparency, Coventry and Mr. Buerger have turned to an increasingly desperate smear campaign to try and achieve what they could not in the fair and open market.\u201d<\/p>\n<p>\nThe proposed amended complaint catalogs nearly 20 distinct false and misleading statements about Abacus, its business model, and its use of third-party life expectancy data, repeated during public appearances and in direct appeals to media sources by Coventry and Buerger. The complaint alleges four counts: defamation, defamation by implication, violation of Florida\u2019s Deceptive and Unfair Trade Practices Act, and defamation per se; the Court already denied Coventry and Buerger\u2019s motion to dismiss the first three claims on June 25, 2026. The complaint adds Coventry and Buerger\u2019s recent selective and misleading use of discovery materials in an August 4, 2026 press release. If granted, the proposed amended complaint will show that Coventry\u2019s and Buerger\u2019s recent public attacks are their latest publication of previously discredited statements\u2014filed weeks after a federal court denied Coventry\u2019s motion to dismiss and allowed the case to proceed to depositions.<\/p>\n<p><b>Abacus\u2019s proposed second amended complaint details the dozens of false and misleading statements made by Coventry and Mr. Buerger.<\/b><\/p>\n<p>\nThe amended complaint specifically alleges:<\/p>\n<p><b>Coventry\u2019s bad-faith, defamatory conduct. <\/b>Coventry and Buerger waged a systematic campaign of false and misleading statements aimed at damaging Abacus\u2019s reputation and undermining investor confidence\u2014conduct the pleading describes as crossing the line from lawful competition into tortious interference and defamation.<\/p>\n<p><b>Coventry\u2019s mischaracterization of Abacus\u2019s reliance on Lapetus, the life expectancy provider Coventry drove out of business over a year ago.<\/b><\/p>\n<p><b>Abacus\u2019s valuations are based on the appropriate use of audited, market-based valuation methodology.<\/b><\/p>\n<p><b>Coventry\u2019s defamatory conduct included a letter-writing campaign to state and federal regulators.<\/b><\/p>\n<p><b>Coventry was one of Lapetus\u2019s biggest customers. <\/b>Coventry itself purchased more than 4,000 life-expectancy reports from Lapetus, and Coventry and its affiliates consistently purchased more Lapetus reports than Abacus did between 2019 and 2022\u2014including in the year Abacus went public\u2014even as Coventry now claims that same data is unreliable.<\/p>\n<p>\nToday\u2019s motion was filed in the U.S. District Court for the Middle District of Florida, Orlando Division (Case No. 6:25-cv-01401-RBD-RMN). The proposed Second Amended Complaint, attached to the motion as an exhibit, would become the operative pleading in the case if the Court grants Abacus leave to file it.<\/p>\n<p>\nThe motion follows a June 26, 2026 ruling in which the Court denied Coventry\u2019s motion to dismiss. The Court found that Abacus plausibly alleged defamation and anticompetitive conduct, and, according to the Company&#8217;s characterization of the ruling, pointed to what it called a &#8220;scheme to destroy Abacus.&#8221;<i \/>Three of Abacus\u2019s claims\u2014defamation, defamation by implication, and its FDUTPA claim\u2014were allowed to proceed to discovery. Discovery, including depositions of Coventry\u2019s executive team, is underway.<\/p>\n<p>\nA copy of the Motion for Leave to File Second Amended Complaint, including the proposed Second Amended Complaint attached as an exhibit, is available on the docket in Case No. 6:25-cv-01401-RBD-RMN and can be found <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fstorage.courtlistener.com%2Frecap%2Fgov.uscourts.flmd.445200%2Fgov.uscourts.flmd.445200.126.2.pdf&amp;esheet=54591863&amp;newsitemid=20260819154248&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=7b644151b40f9529b73305c5e6d168e7\">here<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements, including statements regarding the anticipated outcome, scope, and impact of pending litigation, and the Court\u2019s ruling on Abacus\u2019s Motion for Leave to File a Second Amended Complaint. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include the possibility that the Court may deny leave to amend, that discovery may not develop as anticipated, that the litigation may take longer or cost more than expected, or that a court or jury may reach conclusions different from those described here. Abacus undertakes no obligation to update these statements except as required by law.<\/p>\n<p><b>About Abacus Global Management, Inc.<\/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=54591863&amp;newsitemid=20260819154248&amp;lan=en-US&amp;anchor=www.abacusgm.com&amp;index=2&amp;md5=9b6105b365a2c882291a09090aa07230\">www.abacusgm.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260819154248r1&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\/20260819154248\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260819154248\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>David Jackson \u2013 Head of Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:david@abacusgm.com\">david@abacusgm.com<\/a> | (321) 299-0716<\/p>\n<p><b>Public Relations<br \/>\n<\/b><br \/><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> Professional Services Data Analytics Insurance Finance Asset Management Banking<\/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\/20260819154248\/en\/2868305\/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>Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger ORLANDO, Fla.&#8211;(BUSINESS WIRE)&#8211; Abacus Global Management, Inc. (&#8220;Abacus&#8221; or the &#8220;Company&#8221;) (NYSE: ABX), a leader in the alternative asset management space, announced today that it has filed a Motion for Leave to File a Second Amended Complaint in its ongoing defamation lawsuit against defendants Coventry First LLC (&#8220;Coventry&#8221;) and Alan Buerger, who co-founded Coventry and serves as its Executive Chairman. The proposed filing details Coventry and Buerger\u2019s rampant use of false and misleading statements and includes a claim for defamation per se which carries punitive damages. Coventry\u2019s potential liability for the conduct described in the complaint &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger&#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-996622","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger - 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\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger ORLANDO, Fla.&#8211;(BUSINESS WIRE)&#8211; Abacus Global Management, Inc. (&#8220;Abacus&#8221; or the &#8220;Company&#8221;) (NYSE: ABX), a leader in the alternative asset management space, announced today that it has filed a Motion for Leave to File a Second Amended Complaint in its ongoing defamation lawsuit against defendants Coventry First LLC (&#8220;Coventry&#8221;) and Alan Buerger, who co-founded Coventry and serves as its Executive Chairman. The proposed filing details Coventry and Buerger\u2019s rampant use of false and misleading statements and includes a claim for defamation per se which carries punitive damages. Coventry\u2019s potential liability for the conduct described in the complaint &hellip; Continue reading &quot;Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-19T12:18:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260819154248r1&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=\"5 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\\\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger\",\"datePublished\":\"2026-08-19T12:18:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\\\/\"},\"wordCount\":963,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260819154248r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\\\/\",\"name\":\"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger - 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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\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/","og_locale":"en_US","og_type":"article","og_title":"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger - Market Newsdesk","og_description":"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger ORLANDO, Fla.&#8211;(BUSINESS WIRE)&#8211; Abacus Global Management, Inc. (&#8220;Abacus&#8221; or the &#8220;Company&#8221;) (NYSE: ABX), a leader in the alternative asset management space, announced today that it has filed a Motion for Leave to File a Second Amended Complaint in its ongoing defamation lawsuit against defendants Coventry First LLC (&#8220;Coventry&#8221;) and Alan Buerger, who co-founded Coventry and serves as its Executive Chairman. The proposed filing details Coventry and Buerger\u2019s rampant use of false and misleading statements and includes a claim for defamation per se which carries punitive damages. Coventry\u2019s potential liability for the conduct described in the complaint &hellip; Continue reading \"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-19T12:18:11+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260819154248r1&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":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger","datePublished":"2026-08-19T12:18:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/"},"wordCount":963,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260819154248r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/citing-continued-pattern-of-misleading-and-defamatory-statements-abacus-moves-to-amend-complaint-and-seek-increased-damages-against-coventry-and-its-chairman-alan-buerger\/","name":"Citing Continued Pattern of Misleading and Defamatory Statements, Abacus Moves to Amend Complaint and Seek Increased Damages Against Coventry and its Chairman, Alan Buerger - 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