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Wolf Popper LLP Announces Investigation on Behalf of Abacus Global Management, Inc. Investors

1. Wolf Popper investigates claims against Abacus Global Management for its stock. 2. Short seller report alleges Abacus manipulated revenue via life expectancy estimates. 3. Abacus stock price fell 24.1%, closing at $5.80 following the report. 4. Concerns raised about the validity of Abacus’ accounting practices and valuations. 5. The firm’s past co-founders raised red flags, affecting investor confidence.

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FAQ

Why Very Bearish?

The significant drop in stock price indicates strong negative market response. A similar situation was seen with companies like Luckin Coffee, which faced severe market consequences over accounting scandals.

How important is it?

The firm's investigation and allegations could lead to further legal repercussions impacting ABL's future. The high-profile nature of the firm investigating adds weight to the claims.

Why Short Term?

Investor sentiment is currently highly reactive to the report, risking further short-term losses. Similar events have historically triggered panic selling in the weeks following negative reports.

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LKNCYSPAC
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of purchasers of Abacus Global Management, Inc. (“Abacus”) common stock (NASDAQ: ABL). On August 30, 2022, Abacus Settlements, LLC and Longevity Market Assets, LLC and East Resources Acquisition Corporation announced a $618 million de-SPAC deal. The deal was approved by East Resources’ shareholders and closed on July 3, 2023. Abacus is an alternative asset manager specializing in life insurance products. Early in the trading day on June 4, 2025, Morpheus Research published a short seller report entitled Abacus Global Management: This $794 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue By Systematically Underestimating When People Will Die. The report alleges Abacus incorporated a change in its portfolio valuation methodology that made Abacus appear more profitable. Other allegations in the report include Abacus’ use of Lapetus Solutions for calculating life expectancy estimates. Former Abacus employees and industry experts questioned Lapetus’ calculations. In addition, the report identified historical red flags related to Abacus’ co-founders. Abacus’ intraday stock price is down $1.84 per share to $5.80 on June 5, 2025, down 24.1% on very heavy volume. Investors who lost over $50,000 trading in Abacus common stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com.  Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.  May Be Considered Attorney Advertising in Certain Jurisdictions. Prior Results Do Not Guarantee a Similar Outcome. Wolf Popper LLPAdam Savett845 Third AvenueNew York, NY 10022Tel.: (212) 451-9655Email: asavett@wolfpopper.com

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