Investigation Launched into Abacus Global Management Inc. Stock
Wolf Popper LLP Initiates Investigation for Investors
In response to potential investor claims, Wolf Popper LLP has begun an investigation concerning the common stock of Abacus Global Management, Inc. (ABL). This action comes in light of significant recent developments that have raised concerns among shareholders.
Background on Abacus Global Management
Abacus Global Management is a recognized alternative asset manager known for its focus on life insurance products. The company gained attention when it conducted a $618 million merger with East Resources Acquisition Corporation in 2022, which was finalized in July 2023. This strategic move positioned Abacus for a more impactful presence in the financial markets.
Concerns Raised by Recent Short Seller Reports
On June 4, 2025, Morpheus Research released a report alleging that Abacus engaged in questionable accounting practices. The report titled Abacus Global Management: This $794 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue, suggests that the firm altered its portfolio valuation methods to show inflated profitability.
The report also criticized the calculations from Lapetus Solutions, the firm responsible for estimating life expectancy metrics for Abacus. Concerns arose from former employees and industry experts who questioned the integrity of these calculations, leading to fears of long-standing issues surrounding the company. Following the report's disclosure, Abacus' stock experienced a significant drop, falling by $1.64 per share or approximately 21.5%, demonstrating the market's reaction to the allegations.
Ongoing Investigation and Wolf Popper's Role
In the wake of these reports, on June 10, Abacus published a press release attempting to address the claims, but Morpheus Research followed up with another report on June 12. This second document asserted that Abacus failed to adequately disprove the allegations and instead contradicted statements made in their SEC filings. Furthermore, the report indicated that there may be undisclosed transactions involving insiders at Abacus.
Investor Outreach and Potential Recovery
Investors who may have incurred losses exceeding $50,000 from trading in Abacus' common stock are encouraged to reach out for further discussion regarding the investigation. Adam Savett of Wolf Popper LLP can be contacted at (212) 451-9655. The firm has a history of assisting investors in recovering losses associated with securities fraud, having successfully secured billions for affected parties in the past.
Wolf Popper's Commitment to Investor Rights
Wolf Popper LLP is dedicated to advocating for the rights of investors. With their expertise recognized by various courts, they have been appointed to major roles in multiple securities litigations. Their mission is to ensure that investors receive fair treatment and compensation for any losses incurred due to fraudulent activities. Interested parties can get in touch with them for more information regarding their services.
Contact details for Wolf Popper are as follows:
Wolf Popper LLP
Adam Savett
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9655
Email: asavett@wolfpopper.com
Frequently Asked Questions
What prompted the investigation by Wolf Popper LLP?
The investigation was initiated due to allegations of questionable accounting practices and valuation methodologies used by Abacus Global Management.
What are the main allegations against Abacus Global Management?
The primary allegations include the inflation of profits through altered portfolio valuation methods and unverified calculations of life expectancy estimates.
How can investors who suffered losses contact Wolf Popper LLP?
Investors can reach out to Adam Savett at (212) 451-9655 to discuss potential claims and get more information on the ongoing investigation.
What has been the market response to the allegations against Abacus?
Following the Short Seller reports, Abacus' stock price dropped significantly, reflecting investor concern over the authenticity of their financial practices.
What is Wolf Popper LLP's track record in securities litigation?
Wolf Popper LLP has a proven record of recovering billions for investors affected by securities fraud, reinforcing their reputation in the legal community.
About The Author
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