Two investment funds have sued 20-attorney Gilbride, Tusa, Last & Spellane for malpractice, claiming the firm failed to perfect the funds’ security interest in life insurance policies, leading to more than $84 million in damages.

“This is an open-and-shut case of legal malpractice and gross incompetence by Gilbride Tusa,” the funds claim in Genesis Merchant Partner v. Gilbride Tusa, 653145/2014 (See Complaint).

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