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Coventry Responds to Baseless Lawsuit by Abacus Global Management, Inc.
- Abacus Global Management, Inc. filed a lawsuit against Coventry First LLC and its Chairman Alan Buerger, alleging a campaign of false statements aimed at damaging Abacus's reputation and financial standing, according to a filing in Florida's Ninth Circuit Court.
- The lawsuit claims that Coventry's systematic campaign aimed to manipulate the market against Abacus by disseminating misleading information to various stakeholders, affecting investor confidence and leading to significant financial injury.
- Abacus alleges that Coventry partnered with Morpheus Research to publish defamatory claims, causing a 21% drop in Abacus's stock value shortly after the report was released, erasing over $200 million in value.
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Abacus Global Management Sues Coventry and its Chairman Alan Buerger for Defamation and Anticompetitive Conduct
Coventry and Chairman Alan Buerger Engaged in Years-Long Campaign to Systematically Disseminate False and Misleading Information About the Publicly-Traded Company
·Manila, Philippines
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Total News Sources36
Leaning Left5Leaning Right4Center11Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 25%
C 55%
R 20%
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