Deposed CEO Sues Commerce Bancorp for Damages

Dow Jones Newswires, 15 January 2008The founder of Commerce Bancorp Inc. has sued his old company, claiming he was wrongly forced out last year.In a lawsuit filed this week in U.S. District Court in Washington, Vernon W. Hill II said his ousting cost him more than $50 million in damages and his wife another $7.5 million.Bank spokesman David Flaherty didn't return a call Tuesday.Hill founded