Coventry First LLC and its co-founder, Alan H. Buerger, have filed a motion to dismiss a lawsuit filed against them by Abacus Global Management, Inc. (NASDAQ: ABL) in the U.S. District Court for the Middle District of Florida. The motion contends that Abacus‘s claims are baseless.
The filing argues that the lawsuit is an attempt to stifle constitutionally protected free speech. Buerger and Coventry maintain that their statements, which Abacus objects to, are protected under the First Amendment.
A key element of Coventry‘s defense centers on the recent closure of Lapetus Solutions, Inc. (Lapetus). Lapetus, a significant life expectancy provider for Abacus, ceased operations on August 31, 2025. This development, according to the motion, directly impacts the validity of Abacus‘s claims and underscores the need for open dialogue within the life settlement industry.
Buerger emphasized the importance of transparent communication within the life settlement industry. He stated that open discussions benefit investors, regulators, and the market as a whole. He further asserted that the right to express opinions and concerns, particularly on issues of public interest, is a fundamental right protected by the First Amendment.
Coventry, a company with over 20 years of experience in the secondary market for life insurance, has consistently championed consumer rights and industry standards. The company has facilitated the transfer of over $6 billion to policyholders who no longer require their policies.
The full motion to dismiss is publicly available. Coventry maintains its position as an industry leader and continues to advocate for transparency and consumer protection in the life settlement market. The company believes its actions are justified and in line with its commitment to ethical business practices. The legal proceedings are ongoing.
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