Abacus Global Wins Favorable Ruling, Continues Lawsuit Against Coventry First
Abacus Global announced a favorable ruling from the U.S. District Court, Middle District of Florida Orlando Division in Abacus's lawsuit against Coventry First, parent company of life settlements provider Coventry Direct, and its chairman Alan Buerger. The court's decision found that Abacus alleged plausible claims of defamation and anticompetitive conduct and denied Coventry's Motion to Dismiss. The case will now proceed with depositions of top Coventry executives, including Buerger, whom Abacus believes possess evidence of, in the Court's words, Coventry's "scheme to destroy Abacus." In July 2025, Abacus sued Coventry and its chairman Buerger, detailing a "concentrated effort by Coventry and Buerger to manipulate market sentiment about its biggest competitor, Abacus, through a slew of false and misleading statements to regulators, auditors, market analysts, customers, investors and the public." This decision, finding that Abacus has "successfully pled defamation claims," allows the company to press its suit for economic and punitive damages, and to compensate itself for those reputational harms.
