UNPAID OVERTIME CLASS ACTION

FRESCO v CANADIAN IMPERIAL BANK OF COMMERCE


NOTICE OF CERTIFICATION

 

THIS NOTICE may affect your rights – please read it carefully

On June 26, 2012 the Court of Appeal for Ontario certified the lawsuit of Dara Fresco v. Canadian Imperial Bank of Commerce (“CIBC”) as a class action. The lawsuit will now proceed to a trial of the common issues on a date to be set by the Court.

For more information, see: www.cibcunpaidovertime.ca or contact the law firms listed below.

The Lawsuit - The Representative Plaintiff Dara Fresco has sued CIBC for its alleged failure to properly compensate Class Members (as described below) for overtime.  Ms. Fresco alleges that, in failing to compensate Class Members for overtime, CIBC:

  1. Breached the minimum standards of overtime compensation provided for by the Canada Labour Code;
  2. Breached its contracts of employment with the Class Members; and
  3. Was unjustly enriched by keeping money for itself that should have been paid to the Class as wages.

The lawsuit asks the Court to award monetary damages to Class Members and to make orders requiring CIBC to change its policies and practices relating to overtime compensation.

The Court has not yet determined whether the lawsuit will be successful and a common issues trial date has not yet been set.

Who is included in the Lawsuit?

Class Members are automatically included in a class action once certified, unless they choose to opt-out of the proceeding.  This includes Class Members who reside anywhere in Canada, not just in Ontario.

By order of the Court of Appeal for Ontario the Class Members are composed of the following persons (the “Class”)

Current and former non-management, non-unionized employees of CIBC in Canada who worked at CIBC’s retail branches, High Value Cluster offices or Imperial Service offices at any time from February 1, 1993 to June 18, 2009, as tellers or other front-line customer service employees, including the following:

  1. Customer Service Representatives (also formerly known as Tellers);
  2. Assistant Branch Managers (Level 4);
  3. Financial Service Representatives (also formerly known as Personal Banking Associates, Personal Bankers, Senior Personal Bankers and Business Advisors);
  4. Financial Service Associates;
  5. Branch Ambassador;

And other employees who performed the same or similar job functions as the above under a different or previous CIBC job title.

If you fall within this Class definition, you will automatically be included in the class action. You may however choose to opt-out of the class action and pursue any claim on your own.

To be excluded from this class action you must send a signed and dated Opt-Out Form to Class Counsel at the address specified below confirming that you do not want to be a part of the lawsuit. Further details on how to opt-out of the lawsuit, and a copy of the Opt-Out Form can be found at www.cibcunpaidovertime.ca or by contacting Class Counsel.

The deadline for opting out is Tuesday, May 20, 2014.  If your written request to opt-out is not received by that date you will remain a Class Member.

The Court’s judgment in this matter, whether favourable or not, will bind all Class Members who do not opt-out of the proceeding.

If you wish to participate personally in the lawsuit, please contact Class Counsel or you may apply directly to the Court for permission to do so.

What are the Financial Consequences of the Lawsuit? There is no cost to you to participate in the lawsuit. If the lawsuit is successful at the common issues trial, the Court will determine what damages or compensation, if any, Class Members are entitled to receive.  In that case, the Court will also determine the amount of legal fees and disbursements for Class Counsel which will be deducted from the total amounts recovered by the Class. In this case, the Plaintiff has received financial support from the Class Proceedings Fund (the "Fund"), which is a body created by statute and designed to allow access to the courts through class actions in Ontario. The Fund has agreed to reimburse the Plaintiff for some disbursements incurred in pursuing this action. The Fund will also be responsible for costs that may be awarded against the Plaintiff in this case.  In exchange, the Fund will be entitled to recover from any court award or settlement in favour of the class the amount of its funded disbursements (except amounts repaid by the Plaintiff or ordered paid by the Defendant).  The Fund is also entitled to 10% of any amounts that may be payable to class members.

Class counsel have been retained on a contingency basis, which effectively means that fees and disbursements will only be paid to Class counsel in the event of success. If the class action is unsuccessful, Class Members will not receive any compensation from this lawsuit (and will not be able to start their own lawsuits against CIBC in respect of the same issues and claims) but will have no financial obligations in respect of the lawsuit.

Class Counsel –  The law firms of Roy O’Connor LLP, Sack Goldblatt Mitchell LLP [now Goldblatt Partners LLP] and Sotos LLP have been appointed as Class Counsel by the Court.

More Information – For further information about the class proceeding lawsuit please visit www.cibcunpaidovertime.ca or the class counsel:

Roy O’Connor LLP

Attn: Amanda Grainger
2300-200 Front St. W.
Toronto, ON M5V 3K2
Tel: (416) 362-1989
Fax: (416) 362-6204
Email: ag@royoconnor.ca
Website: www.royoconnor.ca

Overtime Hotline: 1(888) 687-2431

PLEASE DO NOT CALL CIBC, THE COURTHOUSE, OR THE REGISTRAR OF THE COURT ABOUT THIS ACTION.

This notice is published pursuant to the section 17 of the Ontario Class Proceedings Act, 1992 and was approved by the Court.