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The filed complaint alleges that Abacus Global Management, Inc. made materially false and/or misleading statements and/or failed to disclose that: On June 4, 2025, Morpheus Research published a report alleging the company is generating fake revenue through aggressive “mark-to-model” accounting tied to its life settlements portfolio. According to the report, Abacus books revenue by marking up policies using internal life expectancy estimates that understate how long insured individuals will live. Morpheus also cites undisclosed related-party transactions and policy markups of over 80% within days of purchase. Following this news, shares of Abacus fell over 15% in intraday trading on the same day.
In order to be eligible to join the ABL class action lawsuit, you must have incurred a loss on shares of Abacus Global Management, Inc. purchased during the class period listed above.
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