The Ontario Superior Court has approved the settlement of an overtime class-action lawsuit against accounting firm KPMG. The settlement uses the Toronto-based firm’s overtime redress plan and could see employees receiving up to $10 million in compensation for unpaid overtime worked from Jan. 1, 2000, to Sept. 30, 2007.
Under the settlement, KPMG agreed to compensate current and former employees for any overtime they were asked to work during the seven-year period that required payment under relevant legislation.
Employees have until Sept. 30 to claim unpaid overtime to be eligible. The $20-million lawsuit, filed last September, claimed KPMG supervisors regularly required employees to work 90-hour weeks while only billing clients for 60 hours.
Similar class action suits involving CIBC, Scotiabank and CN Railway Co. are still pending.
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