U.S. District Court for the Southern District of Florida at Wilkie D. Ferguson Jr. U.S. Courthouse at 400 N Miami Ave. Credit: Cathy Wilson/ALM Amid $155M Ponzi Scheme Fallout, Law Firm Fights to Keep its Liability Insurance
Security National Insurance Co. sued policyholder Avila Law for allegedly failing to disclose its alleged involvement in the Biscayne Capital Ponzi scheme in recent policy applications.
December 09, 2021 at 12:09 PM
4 minute read
Legal Services
Fallout from the $155 million Biscayne Capital Ponzi scheme reached Avila Law last week when the 22-lawyer Coral Gables firm was sued by its professional liability insurer on claims that the law firm misrepresented its involvement in litigation tied to the scheme.
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