ABX: Defamation Case Proceeds

Abacus Global Management, Inc. ("Abacus" or the "Company") (NYSE: ABX ), a leader in the alternative asset management space, announced a favorable ruling from the U.S.

District Court, Middle District of Florida Orlando Division today in Abacus’s lawsuit against Coventry First LLC, parent company of life settlements provider Coventry Direct ("Coventry"), 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."