Scotiabank and the representative plaintiff, Cindy Fulawka, have reached an agreement to settle an overtime class action lawsuit.
The case was launched in December 2007, and a hearing for approval of the proposed settlement will take place on Aug. 12, 2014.
“It is has been a long fight, but I am pleased that the Bank of Nova Scotia has now agreed to this process to pay its employees for unpaid overtime hours going back potentially many years,” says Fulawka.
If the proposed settlement is approved by the court, current and former employees within the class will then be invited and encouraged to submit claims for any unpaid overtime that was required or permitted by the bank, regardless of whether it was approved at the time by a manager or not.
“Scotiabank is participating in the settlement proposal to reinforce its long-standing commitment to pay employees for their overtime work or provide time in lieu,” according to a statement from the bank.
The claims period will go back as many as 13 years, depending on the limitation period in the province or territory where the work was performed.
The class consists of current and former full-time personal banking or small business banking employees at a retail branch, who, since 2000, held one of the following positions: personal banking officer, senior personal banking officer, financial advisor or an account manager – small business (including its predecessor positions of account manager and account officer).
A copy of the court-approved notice of the proposed settlement and the settlement approval hearing—and further details of the proposed settlement—will be available on Unpaidovertime.ca.
Related articles: