Coventry First and Alan Buerger File Motion to Dismiss Abacus Lawsuit

Coventry First Responds to Abacus Lawsuit

In an assertive move, Coventry First LLC, alongside its Co-Founder and Executive Chairman Alan H. Buerger, has proactively filed a Motion to Dismiss a lawsuit initiated by Abacus Global Management, Inc. The lawsuit, lodged in the U.S. District Court for the Middle District of Florida on August 29, 2025, raised significant concerns from Buerger about its validity and intent.

Buerger and Coventry argue that the complaint is essentially a misguided effort by Abacus to silence important discussions surrounding the life settlement market. The Motion highlights a fundamental principle enshrined in the First Amendment — that a vibrant and unrestricted debate on public issues is essential to a healthy democracy. The suit, however, contends that Abacus is attempting to flip this principle; rather than engaging in transparent dialogue, it seeks to stifle criticism, particularly regarding its operations and regulatory compliance.

Crucially, the Motion underscores a recent development that adds gravity to the claims: Abacus heavily relied on Lapetus Solutions, Inc., its primary life expectancy provider, which recently announced its closure effective August 31, 2025. This closure raises critical questions about the integrity and reliability of Abacus's practices, particularly their approach toward life expectancy assessments in the life settlement industry.

"Abacus's complaint aims to stifle effective debate around significant issues in the life settlement market, including concerns about the accuracy of life expectancy estimates," Buerger remarked. He emphasized that such discussions are vital for the protection of investors and the overall health of the market.

Buerger continued, saying, "Transparent disclosures are crucial to the interests of all stakeholders, and the First Amendment guarantees the right to express concerns and opinions about these matters. It is a public interest that cannot be overlooked."

Coventry First is recognized as a pioneering leader in the secondary market for life insurance, boasting over 20 years of experience and a robust commitment to advancing consumer rights. The firm has positioned itself as a defender of policyholders' interests, contributing over $6 billion to those who no longer require their life insurance policies.

Their steadfast commitment to enhancing disclosure practices and raising industry standards exemplifies their leadership role in the sector. Notably, Coventry aims to expand consumer choice and ensure that policyowners are adequately informed and protected in their dealings.

For further details, Coventry has made the full Motion to Dismiss available publicly, reflecting its commitment to transparency and corporate governance. By confronting the Abacus lawsuit, Coventry reiterates its dedication to fostering a marketplace that values healthy debate and accountability.

As this legal situation develops, it will undoubtedly continue to attract attention within the financial services sector, especially among stakeholders invested in the life settlement industry. Coventry First remains poised to lead the discussion not only in this case but also regarding fundamental practices within the industry.

For additional information regarding Coventry First and its initiatives, you can visit Coventry.com.