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HILL et al v. DIFLORIO et al

  1. August 01, 2013

    Commerce Bancorp Founder Denied Severance Retrial

    A New Jersey federal judge on Thursday denied Commerce Bancorp LLC's founder a new trial over an unpaid $17.2 million severance, rejecting an argument that he confused the jury by erroneously clarifying the effect of regulatory approval on its verdict.

  2. July 19, 2013

    Ex-Commerce CEO Says Confused Jury Flubbed $17M Trial

    Attorneys for ousted Commerce Bancorp LLC founder Vernon Hill II said on Friday that Hill deserves a new trial over an unpaid $17.2 million severance, arguing a New Jersey federal judge's clarification about whether the payment could be executed within regulatory guidelines confused the jury.

  3. July 15, 2013

    Commerce Bank's Hill Got Fair Shot In $17M Suit, Court Told

    Commerce Bancorp LLC on Friday urged a New Jersey federal court to deny ousted founder Vernon Hill II a new trial in his bid to claim a $17.2 million severance payment after an investigation into real estate dealings led to his resignation, saying the judge's answer to a jury question wasn't prejudicial.

  4. June 18, 2013

    Commerce Bank Founder Wants New Trial On $17M Severance

    Commerce Bancorp LLC founder Vernon Hill II asked a New Jersey federal judge Monday for a new trial over a $17.2 million severance payment he sought after an investigation into real estate dealings led to his resignation, saying a jury instruction made jurors believe the payment was legally prohibited.

  5. May 21, 2013

    Commerce Bank Founder Loses Bid For $17M Parachute

    A New Jersey federal jury on Tuesday sided with Commerce Bancorp in a breach of contract suit, ruling the bank was legally prohibited from paying its founder and former CEO Vernon W. Hill II a $17.2 million severance due to federal regulations governing "golden parachute" payments.

  6. May 16, 2013

    Ex-Commerce Bank Director Tells Jury He Sped CEO's Ouster

    A former director of Commerce Bancorp said in New Jersey federal court on Thursday that his refusal to sign a settlement with federal regulators over real estate deals hastened the ouster of Commerce founder Vernon W. Hill II, as a jury mulls awarding Hill a $17.2 million severance payment.

  7. May 15, 2013

    Commerce Bank Alumnus Says CEO Involved In Probed Deals

    A TD Bank NA executive on Wednesday told a New Jersey federal jury that his former boss, Commerce Bancorp founder Vernon W. Hill II, was directly involved in deals that attracted regulatory scrutiny and led to his ouster, as the jury considers awarding Hill a $17.2 million severance.

  8. May 14, 2013

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

    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.

  9. March 01, 2012

    Commerce Bancorp Can't Escape Ex-CEO's Contract Suit

    A New Jersey federal judge on Thursday kept alive a suit brought by the former chairman and CEO of Commerce Bancorp Inc. alleging he wasn't paid over $11 million in severance after being ousted in 2007, ruling his contract claims should be heard by a jury.

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