Coventry First and Alan Buerger Seek Dismissal of Abacus Complaint

In an important legal development, Coventry First LLC and its co-founder and executive chairman, Alan H. Buerger, have filed a request to dismiss the lawsuit brought against them by Abacus Global Management, Inc. This complaint was lodged in the federal court of the Middle District of Florida on August 29, 2025. The core of Coventry's motion centers on the assertion that Abacus's claims lack substantive basis and constitute an attempt to suppress constitutionally protected discourse.

The motion articulates that the core intention of Abacus’s legal action is an infringement upon the rights guaranteed by the First Amendment. It states, "The First Amendment embodies a profound national commitment to the principle that debate on public issues should be free, vigorous, and open." Coventry argues that Abacus is striving to overturn this fundamental principle amid rising criticisms of their business practices. Buerger highlighted that Abacus has initiated this unfounded litigation to silence voices that have brought truth into the open or expressed constitutionally protected opinions.

Furthermore, the motion draws attention to a significant development involving Lapetus Solutions, Inc., Abacus’s primary supplier of actuarial services. Notably, Lapetus announced its cessation of operations effective August 31, 2025. This closure not only raises critical concerns regarding the practices of Abacus but also emphasizes the urgent need for an open dialogue concerning the life insurance sector, particularly the reliability of life expectancy estimates.

Buerger contended, "Abacus's complaint is an attempt to stifle a vigorous debate on important issues concerning the life insurance sector, including the dependability of life expectancy estimates. Transparent information serves the interests of investors, regulators, and the life insurance market as a whole. The First Amendment protects the right to express opinions and concerns, particularly on matters of public interest." This statement intensifies the narrative that transparency is vital for the health of the life insurance industry.

Coventry has established itself as a leader in the secondary market of life insurance and has been operational for over 20 years, promoting the advancement of the sector and expanding opportunities available to life insurance policyholders. By advocating for consumer rights, Coventry maintains a commitment to ethical standards of business practice, underscoring its standing in the industry.

So far, Coventry reports that it has disbursed an impressive total of over $6 billion to insured individuals who no longer require their policies. This enormous figure not only represents significant financial transactions but also indicates the vital role Coventry plays in providing liquidity and options for life insurance policyholders.

In light of these developments, Coventry's position, alongside Buerger's vocal pushback, outlines a robust narrative that favors open dialogue over litigation as a path toward resolving discrepancies in the life insurance industry. They underscore the importance of freedom of speech within the context of business practices and the rights of concerned stakeholders to engage in candid discussions.

Given the ongoing litigation and its implications, observers will be keenly following how this case unfolds and how it might shape the future landscape of the life insurance sector. Further developments will likely be highly anticipated, not just by those directly involved, but by all stakeholders in the sector seeking transparency and accountability.

For more insights on their operations and consumer-oriented initiatives, visit Coventry.com.