Allegations of unpaid overtime have not been proven in court
The Canadian PressA Toronto law firm says it has filed a class action lawsuit against BMO Nesbitt Burns Inc. on behalf of employees who are allegedly owed unpaid overtime.The filing claims that the brokerage wing of the Bank of Montreal (TSX:BMO) did not properly record employees’ work hours, and didn’t pay overtime owed.The lawsuit also […]
Firm faces lawsuit from N.Y. attorney general over Merrill Lynch merger
$14.7 billion in outstanding claims
Each employee claim is unique, lawyer argues
A national class action against CIBC for unpaid overtime is being appealed to the Ontario Divisional Court, lawyers for the case said Monday.On June 18, 2009, Ontario Superior Court Justice Joan Lax refused to certify the case as a class action. The court was of the opinion that the claims of the class members were […]
Case does not qualify as a class-action proceeding
Class-action lawsuit involving defunct fund has been settled
Many clients are angry and upset about recent steep declines in the value of their portfolios and are looking for someone to blame. So, what happens if they decide to sue? You may think you have done everything right, but what will the courts think?The vast majority of advisors are unlikely to be found liable, […]
Two life settlement companies are in court, as creditors and other problems pile up