Two Commerce Bancorp shareholders are holding out, having filed suit to stymie a planned merger between Commerce and Toronto Dominion. What is interesting here is that powerhouse shareholder firm, Bernstein Litowitz has already negotiated a settlement on behalf of a consolidated group of shareholders meant to sweeten the deal. According to attorneys of the two holde-outs, not sweet enough. They are asking that the existing settlement be thrown out in favor of a new agreement. Details via Reuters.

-- MDT

Labels: Bernstein Litowitz and Berger, Commerce Bancorp, shareholders, Toronto Dominion