NEW YORK, NY - June 4, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL).
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If you are an Abacus investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.
On June 4, 2025, after the market opened, Morpheus Research (“The Report”) published a report titled “This $740 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue By Systematically Underestimating When People Will Die.” The Report alleges that “[o]ur investigation uncovered that Abacus’ ‘too good to be true’ returns, which drive Abacus’ revenues, are primarily manufactured by the systematic overvaluation of its assets through an opaque ‘mark to model’ accounting scheme that closely mirrors past blow-ups in the life settlements industry.”
Following this news, the price of Abacus stock declined from an opening price of $7.53 per share to close on June 4, 2025 at $6.00 per share, a decline of $1.53, or over 20%, on heavier than average volume.
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If you have any questions about this investigation, please contact:
CONTACT:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/abacus-global-management-inc/
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