Fired employee gets $3.2 million instead of $1 for company shares

Employee was wrongfully dismissed and therefore still owned 9 per cent of shares when company was sold more than a year later
By Jennifer Fantini
|Canadian Employment Law Today|Last Updated: 11/03/2010

An Ontario employer has discovered that wrongfully dismissing an employee doesn’t just leave it on the hook for pay in lieu of notice if the employee owns company shares. It could mean a whole lot more if the employer wants those shares back or sells to someone else.