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Coventry 与 Alan Buerger 提请驳回 Abacus 诉讼
Globenewswire· 2025-09-04 12:44
Group 1 - Coventry First LLC has filed a motion to dismiss a lawsuit from Abacus Global Management, arguing that the lawsuit aims to suppress constitutionally protected free speech regarding critical issues in the life settlement industry [1][2] - The motion highlights that Abacus's key life expectancy forecasting supplier, Lapetus Solutions, Inc., has ceased operations as of August 31, 2025, raising concerns about Abacus's business model [1] - Coventry emphasizes the importance of transparent disclosures for investors and regulators, asserting that the First Amendment protects the right to express concerns on significant public issues [2] Group 2 - Coventry is a leader and pioneer in the secondary market for life insurance, having paid over $6 billion to policyholders who no longer need their policies [2]
Coventry and Alan Buerger Move to Dismiss Abacus Lawsuit
Prnewswire· 2025-09-03 00:17
Group 1 - Coventry First LLC and its Co-Founder Alan H. Buerger filed a Motion to Dismiss a lawsuit from Abacus Global Management, arguing that the lawsuit is an attempt to silence constitutionally protected debate [1][2] - The Motion emphasizes that Abacus relied heavily on Lapetus Solutions, Inc. as its primary life expectancy provider, which has ceased operations as of August 31, 2025, raising concerns about Abacus's practices [2][3] - Buerger stated that Abacus's complaint seeks to suppress important discussions regarding the reliability of life expectancy estimates in the life settlement industry, which is crucial for investors and regulators [3] Group 2 - Coventry has been a leader in the secondary market for life insurance for over 20 years, having delivered more than $6 billion to policyowners who no longer need their policies [3]