Coventry Responds to Baseless Lawsuit by Abacus Global Management, Inc.
Coventry, the leader and creator of the secondary market for life insurance, today released the following statement: “Abacus’s (NASDAQ: ABL) lawsuit is its latest misdirection and a transparent ploy designed to delay accountability and deflect attention from serious problems of Abacus’s own making,” said Alan Buerger, Coventry’s Chairman. Coventry continues to believe that Lapetus systematically underestimates life expectancies, which directly threatens investor returns. This belief is validated by expert analysis…