Kaplan Fox Announces an Investigation Into Abacus Global Management, Inc. (ABL) for Potential Securities Law Violations
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).
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
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 [email protected] 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.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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
[email protected]
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
[email protected]
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/
View the original release on www.newmediawire.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
11 minutes ago
- Forbes
No Pipeline, No Progress: Meeting The Demand For Advanced Degrees
As demand for master's and doctoral degrees surges, too few programs exist to support the students most often excluded—despite their potential. The United States stands at a crossroads. While innovation, competitiveness, and global leadership increasingly depend on highly educated workers, access to graduate education remains deeply unequal and underfunded. Over 60% of business and government leaders hold graduate degrees—with more than half in business and nearly a third in law. A 2020 report by Brint and colleagues found that 61% of top media figures and 78% of think tank and foundation leaders also held advanced degrees. In many leadership roles, graduate education is no longer a competitive advantage—it's a requirement. Demand is rising. A 2024 report from Georgetown University's Center on Education and the Workforce projects that nearly 1 in 5 jobs will soon require an advanced degree. Among 'good jobs'—those offering middle-class wages of $43,000 or more—1 in 4 will demand graduate credentials. Yet access to graduate education remains deeply inequitable. Madeline Brighouse Glueck finds that parental education still shapes graduate enrollment, especially in high-investment, high-return programs like law, medicine, and PhDs. In medicine alone, over 75% of students come from the top two income quintiles. Even academically qualified first-generation and low-income students are often left behind. While families with financial and social capital can navigate elite admissions and cover soaring costs, others are shut out. The only federally funded graduate pipeline program is the McNair Scholars Program, which supports first-generation, low-income, and underrepresented undergraduates seeking PhDs. This program—and others like Upward Bound—are now at risk of being defunded. As the federal government grows increasingly hostile toward identity-based programs in higher education, the burden of promoting equitable access is falling to the private sector and nonprofit organizations. Yet only a handful of national nonprofits directly focus on this issue: These organizations are doing powerful work—but their combined reach can only serve a fraction of the students who deserve access. To meet the moment, coordinated investments are needed—not just in graduate preparation, but also in affordability, mentorship, and long-term support: Graduate education is not a luxury—it is a national imperative. If we want to lead in science, health, law, and business—and if we believe in opportunity—we must invest in the people who will lead those fields. Let's ensure that talent, not zip code or family background, determines who has a seat at the table. Change can't wait. The time to invest is now. —--------- Help us widen the pipeline. Support Leadership Brainery in creating equitable pathways to graduate education. Donate today!
Motor Trend
12 minutes ago
- Motor Trend
The Cheapest Pickup Trucks You Can Buy in 2025 Aren't All Small
Almost across the board, pickup truck prices are creeping upward. Most of this is due to inflation (and more recently, tariffs), but formerly cheap trucks like the new generation Toyota Tacoma are going somewhat upmarket, while the price creep affecting the cheapest pickups like the Ford Maverick appears to be due to automakers capitalizing on unexpected success and, again, more recently, responding to tariffs. (The Maverick, like some other trucks on this list, is assembled outside of the U.S., which raises price pressure compared to home built options.) For now, the cheapest work trucks you can buy can still be had for under $40,000, but you don't need us to tell you that the versions of the most common full-size trucks most consumers buy are in the $50,000 to $60,000 range. Of course, the base price isn't the only metric by which to measure a truck, but it's an important one. If you want to explore other ways pickup trucks stack up against each other, MotorTrend 's proprietary algorithm provides the ultimate source of automotive data by combining over 75 years of our own instrumented performance, comfort, and efficiency testing on more than 5,000 vehicles. That data is fused with decades of expertise from former heads of design, engineering, and our own car buying experience experts. Built by statisticians and honed by automotive experts, MotorTrend 's Ultimate Car Rankings will assist in finding your perfect vehicle. But, you came here for cheap trucks, and here they are, the cheapest trucks you can buy in 2025:
Fox News
15 minutes ago
- Fox News
WATCH LIVE: Unite for Veterans, Unite for America rally on the National Mall
All times eastern Making Money with Charles Payne FOX News Radio Live Channel Coverage WATCH LIVE: Unite for Veterans, Unite for America rally on the National Mall
