Commerce Bancorp Founder Denied Severance Retrial

Law360, New York (August 1, 2013, 7:59 PM EDT) -- 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.

U.S. District Judge Robert Kugler denied Vernon Hill II's bid for a new trial over his “golden parachute” payment, to which Hill was contractually entitled after Commerce Bancorp's board of directors pushed him out amid an Office of the Comptroller of Currency investigation into real estate...
To view the full article, register now.



Case Information

Case Title

HILL et al v. DIFLORIO et al

Case Number



New Jersey

Nature of Suit

Civil Rights: Other


Robert B. Kugler

Date Filed

July 27, 2009

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.