CIBC Mortgages Inc., a subsidiary of CIBC bank, has just been named the subject of a pending class action lawsuit.
What is this class action about?
On June 26, 2012 a class action for unpaid overtime was certified. The Bank of Nova Scotia quickly settled. CIBC not so much.
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.