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.

The complaint, filed by Security National Insurance Co. in the U.S. District Court for the Southern District of Florida, alleges that Avila omitted its knowledge of the scheme and involvement in subsequent lawsuits filed by investors and liquidators when it applied for two professional liability insurance policies spanning 2019 to 2021, each worth $4 million.

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