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Arnold & Porter Atty Says Bank Couldn't Certify CEO Payout

By Joshua Alston (May 14, 2013, 10:47 PM EDT) -- A managing partner at Arnold & Porter LLP told a New Jersey federal jury Tuesday that he never advised Commerce Bancorp to hold $17.2 million in severance pay to Commerce's founder Vernon W. Hill II, saying the payment couldn't be executed without regulatory filings the bank was unable to make....

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