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.
What if I purchased Abacus Global securities? If you purchased securities and suffered losses on your investment, join our investigation now:
https://www.johnsonfistel.com/investigations/abacus-global-management-inc
For more information, contact Jim Baker at jimb@johnsonfistel.com 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.
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According to Morpheus, a reliance on ever-shifting fair-value estimates and related-party transactions has inflated reported profits and hidden underlying risks
Contacts
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
