Coventry First LLC Moves to Dismiss Lawsuit Filed by Abacus Global Management

Coventry First LLC Seeks Dismissal of Abacus Lawsuit

In a significant legal development, Coventry First LLC, along with its co-founder and executive chairman, Alan H. Buerger, has filed a motion to dismiss a lawsuit brought against it by Abacus Global Management, Inc. The motion was submitted on August 29, 2025, to the U.S. District Court for the Middle District of Florida and raises several pivotal arguments regarding the nature of the claims made by Abacus.

The motion asserts that the allegations laid out by Abacus lack merit, especially considering that Lapetus Solutions, Inc., which had been a crucial provider of life expectancy estimates for Abacus, publicly announced its shutdown on August 31, 2025. This closure emphasizes the validity of concerns brought to light regarding Abacus's operational strategies and their implications for the life settlement sector.

Buerger noted, "Abacus's complaint appears to be a strategic move aimed at stifling constitutionally protected discourse on critical issues within the life settlement market, including the reliability of life expectancy estimates." The First Amendment, as highlighted in the motion, underscores the fundamental belief that debates about public matters should remain free and robust.

The legal documentation elaborates that Abacus's actions seem to be an attempt to suppress those voicing concerns or offering critical perspectives on the life settlement industry, which is a hotbed of public interest given its implications for investors and policyholders alike. Buerger further stated that transparent disclosures are vital for the interests of stakeholders involved and that silencing opinions is both unconstitutional and detrimental to the entire market.

The motion also reflects Coventry's robust position within the secondary life insurance market. As a pioneer in this sector, Coventry has consistently pushed forward to not only provide liquidity solutions for policyholders but also elevate industry standards through consumer advocacy. Over the past two decades, the company has disbursed over $6 billion to individuals who no longer need their life insurance, thus providing a vital alternative for many. Coventry's commitment to consumer rights has solidified its standing as the clear market leader.

For many years, Coventry First has championed the idea that open discussions are key to instituting change and establishing best practices within the life settlement marketplace. Buerger’s firm belief lies in the conviction that stakeholders, including investors and regulatory bodies, benefit greatly from an environment that encourages dialogue and transparency.

As the legal proceedings unfold, the motion for dismissal will not only serve as a critical moment for Coventry and Buerger but may also set a precedent for how allegations within the life settlement field are handled in the future. While Abacus maintains its stance, the responses from Coventry lay the groundwork for a necessary conversation about ethical practices and consumer rights in this nuanced industry.

For further insights and updates, keep an eye on ongoing developments through official releases from Coventry First and relevant court announcements.