Gilbride Tusa Gets Quick Win Axed In $85M Malpractice Suit

Law360, New York (January 11, 2018, 8:57 PM EST) -- A New York state appellate panel on Thursday reversed a quick win given to two Genesis Merchant Partners investment funds against Gilbride Tusa Last & Spellane LLC on the question of the firm's liability for legal malpractice in an $85 million suit alleging it mishandled security interests in life insurance policies backing three loans made by the funds.

The five-judge panel found that last year’s summary judgment ruling from New York Supreme Court Judge Nancy M. Bannon was premature, in part because questions of fact remained...
To view the full article, register now.