CIBC will pay $153M to settle overtime class-action lawsuit from 2007

Posted by & filed under Communication, Control, Decision Making, Ethics & Social Responsibility, Leadership, Management, Organizational Behavior.

Description: Settlement will avoid further legal costs, let bank move on, says CIBC spokesperson

Source: CBC.ca – video report

Date: Jan 06, 2023

Link: https://www.cbc.ca/news/business/cibc-settles-lawsuit-1.6704759

Questions for discussion:

  • Summarize the issues in this case.
  • Why do you suppose the bank settled this case at this time?
  • How do you think the settlement will influence employees and management?