Abacus Global Management, Inc. (ABL) Stock Drop Lawsuit Investigation

We are investigating whether Abacus Global Management, Inc. (NASDAQ: ABL) misled or provided false statements to investors in violation of federal securities laws. This potential lawsuit seeks to help Abacus Global Management, Inc. shareholders recover their losses.

On June 4, 2025, Morpheus Research published a detailed report alleging that Abacus is a “life settlements accounting scheme manufacturing fake revenue by systematically underestimating when people will die.” 

 

Morpheus’s three-month investigation into Abacus, which purportedly included expert interviews, review of corporate records and court documents, and discussions with former Abacus employees, allegedly uncovered that Abacus’s returns 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.” 

 

The report claims that Abacus “has resorted to slashing its discount rate to generate more non-cash gains,” a tactic that has been linked to other notorious life settlement frauds such as GWG Holdings. 

 

Following this news, shares of Abacus Global Management, Inc. plummeted over 30% in intraday trading on June 4, 2025, causing significant harm to investors.  

Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.

 

Praise from the Courts

Federal judge in our AT&T class action:

 

“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”

 

Federal judge in our Chase lawsuit (resulting in $100 million settlement):

 

They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”

 

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Gibbs Mura, A Law Group has more than two decades of experience prosecuting fraud. Our financial fraud and securities lawyers have successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients' behalf.

We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world's largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and financial fraud lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.