KPMG settles overtime suit

Firm will pay out up to $10 million

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.

Employees have until Sept. 30 to claim unpaid overtime to be eligible for compensation.

The $20-million lawsuit, filed last September, claimed KPMG supervisors regularly required employees to work 90-hour weeks while only billing clients for 60 hours.

The claim stated the pressure "to eat time was pervasive and [employees] that did not 'eat their time' were pushed out by the defendant."

There are still unpaid overtime class-action suits pending against CIBC, Scotiabank and CN Rail.

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