Coventry and Alan Buerger Seek Dismissal of Abacus Lawsuit in Florida Court

Coventry First and Alan Buerger's Motion Against Abacus

Coventry First LLC, a front-runner in the secondary life insurance market, and its co-founder, Alan H. Buerger, announced their intent to dismiss a lawsuit initiated by Abacus Global Management, Inc. (NASDAQ: ABL) on August 29, 2025. The motion was filed in the U.S. District Court for the Middle District of Florida. The filings indicate that the claims presented by Abacus are without merit, chiefly pointing to the cessation of operations of Lapetus Solutions, Inc. ("Lapetus"), a critical provider of mortality prediction data, which ceased all activities effective August 31, 2025.

The lawsuit from Abacus is characterized by Coventry as an attempt to silence a constitutionally protected debate. According to Buerger, the First Amendment underlines a fundamental commitment to unrestrained public discourse, declaring that discussions on public matters should remain vigorous and open. However, the suit from Abacus is viewed as an infringement on this principle, where they aim to undermine the voices that expose truth or share constitutionally safeguarded opinions regarding their business practices.

The motion highlights that Abacus had heavily invested in Lapetus and relied extensively on its data for projecting life expectancy. With Lapetus's abrupt closure, concerns have arisen about Abacus’s practices and the legitimacy of its operations within the secondary life insurance market, specifically pertaining to life settlements.

Buerger emphasized that Abacus's allegations are a misguided effort to silence essential discussions surrounding the accountability and credibility of life expectancy estimations crucial for the life insurance sector. Ensuring transparency is vital for the interests of investors, regulatory bodies, and the integrity of the entire life settlements market. The First Amendment plays a pivotal role in safeguarding the right to voice concerns, especially on matters that draw public attention.

Coventry, recognized as a leader and pioneer in the secondary market for life insurance, has played a significant role for over two decades in advancing the industry and broadening opportunities for life insurance policyholders. Coventry's extensive experience, combined with a profound dedication to consumer rights, solidifies its status as a market leader. The organization has disbursed more than $6 billion to policyholders who no longer need their insurance policies. For those wishing to learn more about Coventry, information is available on their official website, Coventry.com.

In conclusion, the forthcoming legal proceedings will be pivotal not only for Coventry and Buerger but could set a precedent for how issues surrounding the secondary life insurance market and public debate are navigated in future cases. As the discussion around Abacus's practices continues, the emphasis on transparency and open dialogue within the sector remains more critical than ever.