Latest news with #AbacusGlobal
Business Insider
31 minutes ago
- Business
- Business Insider
Abacus Global authorizes new $20M share repurchase program
Abacus Global (ABL) Management announced that its Board of Directors has authorized a new $20M share repurchase program, effective June 5, 2025 for over a period of up to 18 months, as well as recent Form 4 and other employee share purchases totaling over $2M. 'While it is unfortunate that Abacus Global Management has been subject to a short attack, we believe our artificially depressed share price represents an excellent buying opportunity for the company,' said Jay Jackson, Chief Executive Officer of Abacus Global Management. 'We believe this is validated by our newly authorized share repurchase program, reflecting our Board's continued confidence in our business model and strength of our balance sheet, and also by our employees who have spent over $2 million combined of their own money in recent share purchases. Our returns and valuation are audited, and consistent with a 20-year track record of generating positive revenue. We will not allow this distraction to affect our continued growth and our day-to-day operations.' The company added: 'Abacus is committed to pursuing all available legal remedies against the individuals and entities responsible for orchestrating and disseminating the false and misleading short attack.'
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
ABL INVESTIGATION ALERT: Investigation Launched into Abacus Global Management, Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
SAN DIEGO, June 4, 2025 /PRNewswire/ — Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Abacus Global Management, Inc. (NASDAQ: ABL) focused on whether Abacus Global and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Abacus Global investigation or if you are an Abacus Global investor who suffered a loss and would like to learn more, you can provide your information here: You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. THE COMPANY: Abacus Global operates as an alternative asset manager and market maker. THE REVELATION: On June 4, 2025, Morpheus Research published a report titled 'Abacus Global Management: This $740 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue By Systematically Underestimating When People Will Die.' On this news, Abacus Global's stock price fell more than 21%. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected]
Business Wire
2 days ago
- Business
- Business Wire
Johnson Fistel, PLLP Investigates Abacus Global on Behalf of Shareholders Who Incurred Losses
SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP is investigating whether Abacus Global Management, Inc. (NASDAQ: ABL) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors. According to Morpheus, a reliance on ever-shifting fair-value estimates and related-party transactions has inflated reported profits and hidden underlying risks Share What if I purchased Abacus Global securities? If you purchased securities and suffered losses on your investment, join our investigation now: For more information, contact Jim Baker at jimb@ or (619) 814-4471 There is no cost or obligation to you. What is Johnson Fistel investigating? Morpheus Research recently published a detailed report on Abacus Global that called into question the integrity of the company's asset valuation methods. Based on a three-month investigation involving interviews with former employees, analysis of internal documents and footnotes from financial statements, the report argues that Abacus Global's seemingly stellar returns may not stem from genuine investment performance but rather from an opaque accounting scheme. According to Morpheus, a reliance on ever-shifting fair-value estimates and related-party transactions has inflated reported profits and hidden underlying risks, raising fresh concerns among investors about whether Abacus Global's books truly reflect its economic reality. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs' securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
