BMO Class Action Lawsuit 2024: Employee Pay Shortfall? (Canada)

As of July 23, 2024, there aren’t any recent reports of a class-action lawsuit against BMO specifically related to employee pay shortfalls in 2024. However, there was a case regarding vacation pay for certain BMO employees in British Columbia that concluded in 2023. Here’s a breakdown to help you:

Recent BMO Class Action (2023)

A class-action lawsuit against BMO concluded in 2023. It alleged that BMO did not properly calculate vacation pay for some employees, particularly those categorized as “Variable Compensation Employees” (e.g., private wealth consultants, mortgage specialists) who earned commissions and bonuses on top of a base salary. The lawsuit claimed BMO failed to include this variable compensation when calculating vacation and holiday pay.

Eligibility for 2023 Lawsuit (British Columbia)

This lawsuit specifically targeted variable compensation employees in British Columbia. If you weren’t part of this group or located outside of British Columbia, it likely wouldn’t apply to you.

Checking for New Lawsuits

While there aren’t reports of a current lawsuit regarding pay shortfalls in 2024, here’s how to stay informed:

• Legal News Websites: Search legal news websites in Canada for recent class-action lawsuits against BMO. Look for reputable sources and focus on news published in 2024.
• Law Firm Websites: Some law firms specialize in employment law and class-action lawsuits. Check their websites for ongoing cases against BMO.

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If You Believe You Were Underpaid

If you suspect BMO might have underpaid you, here are some steps you can take:

• Review Your Pay Stubs: Carefully examine your pay stubs for the past year. Look for discrepancies between your expected compensation and what you received.
• Consult Your Employment Contract: Review your employment contract to understand how your compensation should be calculated, including vacation pay and any bonuses or commissions.
• Contact BMO Human Resources: Reach out to BMO’s Human Resources department and raise your concerns about potential underpayment.
• Speak to an Employment Lawyer: Consulting with an employment lawyer experienced in class actions can help you determine if you have a case and explore your options.

Disclaimer

This information is for general knowledge only and does not constitute legal advice. If you believe BMO underpaid you, it’s best to consult with an employment lawyer for specific guidance based on your situation.