Unpaid Overtime (CIBC)
Sotos LLP is co-lead counsel in a certified national class actions on behalf of approximately 30,000 employees at Canadian Imperial Bank of Commerce (“CIBC”) retail branches. This case, along with a similar case on behalf Scotiabank employees was launched in 2007 and ordered certified by the Ontario Court of Appeal in June 2012. Leave to appeal was denied by the Supreme Court of Canada in March 2013.
Scotiabank agreed to a settlement in 2014, that was finalized in 2016, resulting in payments in favour of class members of $39.3 million.
The plaintiff in the case against CIBC is asking the Court to grant summary judgment against the bank. The motion for summary judgment will be heard later this year.
More information can be found at www.unpaidovertime.ca.
March 7, 2017: A motion for Summary Judgment to decide some or all of the common issues will be heard on August 29 to September 1, 2017 at Osgoode Hall, 130 Queen Street West, Toronto, Ontario.
February 6, 2014: The Ontario Superior Court of Justice has ordered that members of the CIBC class be given notice of certification. Copies of the short form notice and the long form notice can be seen here. Any member of the class who wishes to opt out of the class action must do so before May 30, 2014. A copy of the opt-out form can be found at the end of the long form notice.
March 21, 2013: Supreme Court denies CIBC and Scotiabank leave to appeal
June 26, 2012: Ontario Court of Appeal holds bank class actions may proceed
Notice to Class
Court decisions and orders