Wednesday, April 16, 2014
Inquirer Daily News

Shirley Hill ordered to pay TD Bank $1.6M: report

"The judge ruled the bank improperly compensated her"

Shirley Hill ordered to pay TD Bank $1.6M: report

"Shirley Hill (that's Mrs. Vernon Hill, wife and collaborator of the Commerce Bank founder) was ordered to repay $1.6 million that then-Commerce paid to indemnify her after a court ruled against her in a dispute with a contractor," writes Courier-Post reporter Eileen Smith here.

"In the Superior Court suit, Judge Michael J. Kassel ordered Shirley Hill and InterArch to pay Commerce/TD $1.6 million to repay the indemnification, plus interest, attorney's fees and expenses, for a total of $2 million.The judge ruled the bank improperly compensated her after she lost a suit in which DiMaria Construction claimed the firm was unfairly fired due to Shirley Hill's malice."

Meanwhile, the Hills' federal lawsuit against TD Bank, as Commerce's successor, for forcing them out of the company three years ago is still pending, though South Jersey Democratic power, Cooper Hospital chairman and insurance magnate George Norcross and other former Commerce directors have been dropped as defendants.

Joseph N. DiStefano
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Joseph N. DiStefano
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