A first in Canada for advisors, a settlement has resulted in the implementation of an overtime pay policy for trainees
Lower court decisions upheld by the Court of Appeal of Ontario
The judge who oversaw the class-action lawsuit views the settlement "as an excellent and creative resolution"
Total cost of settlement estimated in excess of $95 million
Class action members invited to make claims for any overtime that was worked but not previously compensated
Details of class action settlement involving retail branch workers subject to court approval
Court denies brokerage firm’s leave to appeal
A class action by advisors against BMO Nesbitt Burns is moving forward - and highlights issues with workplace practices
Plaintiffs allege BMO Nesbitt Burns “misclassified” employees thereby disqualifying them from earning overtime pay
Eligibility for overtime for CIBC IAs continues to be an issue that must be determined on an individual basis, court rules