Commerce Bancorp, Inc. Class Action Dismissed

Shareholders tried to file a class action lawsuit against the financial services company for violations of securities laws. The lawsuit was filed in the Federal District Court in New Jersey and has been dismissed. "The court ruled that there were no material misrepresentations or omissions in Commerce's public filings and those statements of past empirical facts about Commerce's financial performance were not in violation of applicable federal securities laws." (Nov-08-05) [YAHOO BUSINESS]