KPMG settles overtime suit

Firm will pay out up to $10 million
||Last Updated: 08/27/2008

The Ontario Superior Court has approved the settlement of the overtime class-action lawsuit against accounting firm KPMG.

Justice Paul Perrell approved the settlement, which uses the Toronto-based firm's overtime redress plan process, and could see employees getting upwards of $10 million in compensation.

The redress plan process included a review of KPMG's records relating to overtime and the firm has stated it will pay out any unpaid overtime worked from Jan. 1, 2000 to Sept. 30, 2007.