Toronto, ON: A class action lawsuit has been filed in the Ontario Superior Court of Justice against BMO Nesbitt Burns Inc, alleging that BMO NBI has wrongfully misclassified certain of its employees as exempt from Overtime Pay resulting in widespread violations of applicable Employment Standards legislation including unpaid overtime in Ontario. The suit claims relief for Investment Advisors and Financial Advisers that worked (or still work) at Nesbitt Burns at any time since 2002-2010.
The suit alleges that BMO NBI allegedly failed to accurately record employees hours of work, and allegedly failed or refused to pay Overtime Pay in violation of applicable Provincial legislation. The suit further alleges that BMO NBI cultivates an environment where employees are expected to work up to 80 hours per week in violation of Provincial limits on hours of work.
The suit further alleges that through its conduct and practice not to record employees hours of work, BMO NBI led its employees to believe that they were not entitled to Overtime Pay, and were outside the purview of the protections of Provincial Safeguards limiting work hours.
The suit requests that the court grant relief to all persons that worked for BMO NBI at any time since October 2002, that are owed overtime pay in accordance with applicable Provincial legislation.
