Coventry First and Alan Buerger Challenge Abacus's Lawsuit with a Motion to Dismiss

Legal Tensions Rise: Coventry First Responds to Abacus Lawsuit

In a recent development shaking the life settlement industry, Coventry First LLC and its Executive Chairman Alan H. Buerger have announced their decision to file a motion to dismiss a lawsuit initiated by Abacus Global Management. This legal action, filed in the U.S. District Court for the Middle District of Florida on August 29, 2025, centers around critical claims that Coventry and Buerger assert are without merit.

The motion categorically states that Abacus's lawsuit represents a misguided attempt to stifle open and honest debate on public issues, particularly those affecting the life settlement market. The First Amendment serves as a powerful foundation for the right to discuss matters of public interest without fear of retribution.

Buerger remarked, “The First Amendment expresses a profound national commitment to the principle that debate on public issues should be uninhibited, robust, and wide-open. Abacus, however, seeks to flip that principle on its head. Faced with criticism about serious problems of its own making, Abacus brought this meritless lawsuit to muzzle those who have highlighted the truth or expressed their constitutionally protected opinions. That it cannot do.”

Adding weight to their argument, the motion highlights a significant development: the closure of Lapetus Solutions, Inc., Abacus's primary life expectancy provider, which officially ceased operations on August 31, 2025. This closure raises serious questions about the reliability and credibility of the life expectancy estimates that underpin Abacus’s business model.

“Abacus's complaint is an attempt to silence robust debate on important issues affecting the life settlement industry, including the reliability of life expectancy estimates,” Buerger further stated. “Transparent disclosures advance the interests of investors, regulators, and the life settlement market as a whole, and the First Amendment protects the right to voice opinions and concerns, particularly on matters of such public interest.”

Coventry First has established itself as a leading force in the secondary market for life insurance, driving advancements and expanding opportunities for policyholders over the past two decades. With a strong commitment to consumer rights, Coventry has delivered over $6 billion to individuals who no longer have a need for their life insurance policies, demonstrating their role as a critical player in this market.

Amidst the ongoing legal battle, Coventry First remains focused on advocating for consumer interests and advancing the standards within the industry. The company believes that constructive dialogue and transparency are essential for the growth and integrity of the life settlement sector.

As the legal proceedings unfold, industry observers are urged to pay close attention to how this case might impact the broader conversation surrounding life settlements and the importance of protecting free speech in discussions related to financial services. Coventry First and Alan Buerger's proactive approach in this matter exemplifies their commitment to fostering a transparent and robust marketplace, paving the way for better practices and greater consumer protection in the life insurance landscape.

For more information about Coventry First and their advocacy efforts, you can visit their official website at Coventry.com.