Juroviesky and Ricci LLP Files a Class Action Against CIBC World Markets Inc.

    TORONTO, Oct. 29 /CNW/ - The law offices of Juroviesky and Ricci LLP in
conjunction with Ken Alexander of Ball & Alexander Employment Lawyers, have
filed a class action lawsuit in the Ontario Superior Court of Justice against
CIBC World Markets Inc. alleging widespread violations of applicable
Employment Standards legislation including unpaid overtime in various
provinces across Canada. The suit claims relief for various types of employees
of CIBC World Markets including Investment Bankers, Financial Analysts and
Investment Advisors.
    The suit alleges that CIBC World Markets 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 CIBC World Markets 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, CIBC World Markets 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.
    "It is important for employers to remember that salary is not a listed
exemption from overtime under applicable Ontario legislation and that salaried
workers are also protected by Provincial limits on hours of work" said Henry
    The suit requests that the court grant relief to all persons that worked
for CIBC World Markets at any time since October 2002, that are owed overtime
pay in accordance with applicable Provincial legislation.
    Note that the detailed statement of claim filed with the Ontario Superior
Court of Justice is the result of an extensive and independent investigation
conducted by Juroviesky and Ricci LLP. In respect of Canada, to the knowledge
of Juroviesky and Ricci LLP, no other statement of claim has been filed in
this matter against Defendants and no other law firms, as at the time of
filing its statement of claim, represent plaintiffs in this litigation.
    Because lawyers at Juroviesky and Ricci LLP have conducted a thorough
investigation on this matter, they are in a superior position to answer
questions about the claims alleged in the statement of claim, and can be
contacted to discuss this case through the telephone number and/or e-mail
address indicated below.
    To be included as a lead or representative plaintiff on this matter, you
must meet certain legal requirements. If you would like to join this class
action as a lead or representative plaintiff, discuss this
action/announcement, or be included in CIBC World Markets database, please
email Juroviesky and Ricci LLP at info@jrclassactions.com. In your email,
please indicate CIBC World Markets in the subject line, and include your full
contact information (name, address, phone number, and email address).
    More information on this and other class actions can be found on the
Juroviesky and Ricci LLP Class Action website at www.jrclassactions.com.

For further information:

For further information: Juroviesky and Ricci LLP, Henry Juroviesky,
Tel: (416) 481-0718 ext. 450, Fax: (416) 352 1378, Email:

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