Commerce Bancorp Probe Draws To A Close

Law360, New York (November 02, 2006, 12:00 AM ET) -- Two years after former executives were sentenced to prison, the Philadelphia prosecutor’s office has ended its probe into Commerce Bancorp Inc. in connection with an extensive corruption investigation.

“In 2004 and 2005, we reported on several inquiries by the U.S. Attorney in Philadelphia with which we have cooperated,” Commerce reported in a U.S. Securities and Exchange Commission filing on Wednesday. “We were recently advised by the U.S. Attorney’s office that it has concluded its investigations without any action against us and, as a result, Commerce and...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers