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

Law360, New York (July 15, 2013, 9:00 PM EDT) -- 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.

Attorneys for TD Bank NA, which absorbed Commerce in 2008, filed a brief opposing Hill’s request for a new trial following a May jury verdict in the bank’s favor. The jury ruled Commerce was...
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