JAMES A. KRIDEL & ASSOCIATES V. CAPITAL RESOURCES, F.D.I.C., R.T.C. AND APPROXIMATELY 26 BANKS
This was an adversary proceeding against Capital Resources which had filed for protection under Chapter 11 of the United States Bankruptcy Court. The matter was venued before the United States Bankruptcy Court for the District of New Jersey, Newark, New Jersey before the Honorable Daniel J. Moore and after his death, the Honorable Rosemary Gambardella. This Firm had handled thousands of foreclosures for Capital which remained unpaid pre-petition. The adversary proceeding sought administrative status of the claim involving charging and retaining liens. Included among the defendants were the F.D.I.C., the R.T.C. and approximately 26 independent financial institutions. Notwithstanding in excess of 28 law firms, this Firm prevailed and obtained a settlement on the day of trial in the high six (6) figures.