Abacus Global Management’s Defamation Suit Against Coventry and its Chairman Alan Buerger Advances in U.S. District Court

A U.S. District Court in Florida denied Coventry First LLC's motion to dismiss in a defamation lawsuit filed by Abacus Global Management. The court found that Abacus plausibly alleged claims of defamation and anticompetitive conduct, allowing the case to proceed with depositions of Coventry executives. Abacus alleges Coventry engaged in a years-long campaign to disseminate false information about the company to manipulate market sentiment and is seeking hundreds of millions in damages.