Abacus Global Management, Inc. (NASDAQ: ABL)

This investigation is for anyone who acquired securities in Abacus Global Management, Inc. (NASDAQ: ABL) prior to June 4, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that life insurance policies that the Company purchased were more valuable than the Company knew to be the case.

On June 4, 2025, Morpheus Research published a report alleging, among other things, that Abacus uses fraudulent life expectancy data to drive revenues. Specifically, the report alleges “contrary to Abacus’ disclosures to the SEC” Abacus relies heavily on life expectancy (“LE”) reports generated by “AI powered” Lapetus Solutions. The report states former Abacus employees revealed the Company “built Lapetus LEs into… the proprietary pricing tool that Abacus made” and “would not gather the other life expectancy info.”  The report asserts “Abacus’ reliance on Lapetus to value its portfolio presents a material risk to the $446 million in claimed life settlements on its books as of Q1 2025” because “[t]he indicative value on a Lapetus LE is 50% higher than with the other LE providers.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Abacus Global Management, Inc. (NASDAQ: ABL) prior to June 4, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.