Areas of Expertise
Commercial Litigation
Harold Cassidy engaged in a substantial commercial litigation practice. Among other things, Harold Cassidy and his law firm were counsel to the governmental banking regulatory agencies. The firm represented the FDIC and RTC in over ninety bank failures. Mr. Cassidy successfully defended, on behalf of the RTC, a lawsuit brought by Met Life to recover a 65 million dollar Wall Street participation agreement. He successfully resolved a $40,000,000 failed real estate project, and was counsel in litigation matters dealing with shareholder oppression, and a variety of other commercial cases. Commercial matters of public importance which Mr. Cassidy handled included:
Successfully defended, on behalf of the FDIC, the first post-bank closing due process hearing in the history of New Jersey; In Re Mountain Ridge State Bank (1991)
Counsel in the case in which the New Jersey Supreme Court struck down New Jersey’s sheriff sale fees as violative of Federal law and the supremacy clause; RTC v. Sheriff of Monmouth County (1992)
Chief counsel in the extraordinary, precedent setting case in the U.S. Court of Appeals for the Third Circuit construing the Federal Statutory Schemes governing the RTC, which held that the court had jurisdiction to decide the appeal where the case was settled below and the defendant – adversary was not a party to the appeal.