Monkhouse Law has filed for an order to certify a class action lawsuit against Bank of Montreal for underpaid vacation and public holiday pay on variable compensation such as commissions, bonuses, stock options and share units.
The class action is the third filed by Monkhouse Law against a large Canadian company for shortchanging employees on vacation and public holiday pay. Orders to certify class actions were previously filed against RBC Insurance Agency Ltd., RBC Life Insurance Co. and Aviva General Insurance Co., those actions are ongoing and allegations are to be proven in court.
The employee class action lawsuit alleges that the company’s practice of calculating vacation and public holiday pay for variable compensation employees at BMO violated the Canada Labour Code. It is alleged that BMO paid vacation pay and holiday pay only on the base pay of variable compensation employees instead of their entire compensation, inclusive of variable components.
The news release is available here.
IMPORTANT – No action is required by employees to join this class action. In British Columbia, class action lawsuits are an “opt out” system, so if this class action lawsuit is certified, all employees who fall under the class action definition will be members of the class unless they opt out.
Current or former variable compensation employees of BMO who have information that may assist the litigation should contact Alexandra Monkhouse at 416-907-9249, ext. 211 or at email@example.com
Affected employees of BMO can keep up-to-date on the employee class action lawsuit by completing the below form: