Overview of the Investigation into Abacus Global Management
The Schall Law Firm, a prominent national firm specializing in shareholder rights litigation, has announced its investigation into potential fraudulent practices by Abacus Global Management, Inc. (NYSEABX, formerly NASDAQ ABL). This inquiry comes as a result of allegations that the company may have violated securities laws by providing misleading information to investors. The focus of the investigation is whether Abacus issued false statements or failed to disclose important information about its financial health and operational methodologies.
Background on Abacus Global Management
Abacus Global Management is a firm that operates in the field of investment management. It came under scrutiny following a report from Morpheus Research dated June 4, 2025, which outlined serious concerns regarding the company's financial practices. The report, titled "Abacus Global Management: This $794 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue by Systematically Underestimating When People Will Die," suggests that Abacus employed questionable valuation techniques to manipulate its perceived profitability.
According to the Morpheus report, Abacus allegedly altered its portfolio valuation methodologies, potentially inflating its performance metrics. The document also raised alarm bells about the unconventional methods used by the company to estimate life expectancy, which are critical in determining the value of life settlements. Furthermore, it suggested that the co-founders of the company had troubling backgrounds, thus invoking concerns about corporate governance and ethical conduct.
Investor Impact and Next Steps
For shareholders who have incurred losses due to Abacus's potential misrepresentation of its financial state, the Schall Law Firm is actively seeking to address their grievances. The firm encourages impacted investors to reach out and discuss their rights and options. This inquiry serves as a vital opportunity for shareholders to participate in the unfolding developments and possibly seek restitution for their losses.
In addition to individual outreach, the law firm aims to gather collective evidence from shareholders to strengthen its case against the company, should formal action be warranted.
How to Get Involved
If you are a shareholder of Abacus Global Management and believe that you have been adversely affected by these potential securities law violations, the Schall Law Firm invites you to join the investigation. Interested parties can contact Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, via phone at 310-301-3335. Alternatively, firms and individuals can reach out through their website at
www.schallfirm.com or via email at [email protected].
The Schall Law Firm highlights that its services for reviewing case possibilities are free of charge, ensuring that investors can seek legal advice without the burden of upfront fees.
Conclusion
The investigation into Abacus Global Management by the Schall Law Firm is an important step for affected investors in navigating the complexities of securities law. It underscores the significance of shareholder rights and the ongoing battle against fraudulent practices within the investment sector. For those affected, this represents a chance to advocate for their rights and to potentially recover losses incurred during this turbulent period for Abacus Global Management.