Coventry First LLC and its Co-Founder and Executive Chairman, Alan H. Buerger, filed a Motion to Dismiss the lawsuit brought by Abacus Global Management, Inc. on August 29, 2025. The motion was filed in the U.S. District Court for the Middle District of Florida. Coventry asserts that Abacus's claims lack merit.
A key point highlighted in the motion is that Lapetus Solutions, Inc., which Coventry identified as Abacus's primary life expectancy provider, publicly announced the shutdown of all its operations effective August 31, 2025. This development is presented by Coventry as underscoring concerns raised regarding Abacus's practices.
Coventry and Mr. Buerger argue that Abacus's lawsuit is an attempt to silence constitutionally protected debate on public issues affecting the life settlement industry. This legal maneuver further intensifies the ongoing dispute between the two companies regarding valuation methodologies and market practices.
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