Craig L. Steinfeld

Craig Steinfeld concentrates his practice in commercial litigation and has substantial experience representing financial institutions in matters including loan recovery and workouts, commercial foreclosure proceedings, negotiable instruments, commercial transactions and fidelity bond claims. Craig also has significant experience in defending fuel storage tank manufacturers. He also represents artists in royalty claims litigation.

Craig is a member of the Board of Directors of the Banking Law Section of the New Jersey Bar Association and served as Chairman from 2015-2017.

Education
Rutgers University School of Law, J.D. (1992)University of Delaware, B.S. (1988)
Bar Admissions
New Jersey New York District of Columbia U.S. District Court, District of New Jersey U.S. District Court, Southern District of New York U.S. District Court, Eastern District of New York
Recognition
New Jersey Super Lawyers Award Methodology
Representative Matters
  • Recovered for our client more than $7 million by successfully prosecuting and collecting on a claim involving defaults on multiple commercial loans, including foreclosure and liquidations of several commercial properties and levying on assets of personal guarantors.
  • Successfully represented commercial lenders in numerous commercial foreclosure actions and related commercial note and guaranty actions, recovering millions of dollars in commercial properties and obtaining millions of dollars in judgments against guarantors.
  • Wrote the appellate brief in support of the argument that federal law preempts state law with respect to certain attorney’s fees that lenders may pass on to borrowers, which served as the basis for a New Jersey Supreme Court decision that overturned the rulings of the trial court and appellate division.  (Turner v. First Union National Bank, et al., 162 N.J. 75 (1999))
  • Assisted and was among the counsel of record in the successful appeal before the U.S. Court of Appeals for the Third Circuit of a case involving recovery under a fidelity bond, which remains the leading case in the circuit on the issue of discovery of a loss under a fidelity bond. (Resolution Trust Corporation v. Fidelity and Deposit Company of Maryland, et al., 205 F.3d 615 (3d Cir. 2000))
  • Successfully obtained order compelling arbitration and successfully opposed appeal of such order in matter involving claim by bank, as tenant, against landlord for reimbursement of sums expended by bank for repairs following a fire that damaged the leased premises. (Bank of America v. Philip Kushner Associates, 2008 WL 2492247 (N.J. App. Div. 2008))
  • Successfully opposed multiple challenges by limited partner of partnership to bank’s right to foreclose property belonging to and recover on judgment against partnership, both at trial court and appellate levels. (NVE Bank v. Ber-Loew Partnership, et al., 2012 WL 5381697 (N.J. App. Div. 2012))