In this leading BC employment law case we represented a senior financial executive at trial in a successful claim against his employer for wrongful dismissal damages, obtaining an award valued at almost $500,000.
Financial Post Article March 10, 2000, after trial judgement.
The trial decision did not include an award or damages for our client’s failure to participate in a lucrative Initial Public Offering.
On appeal to the Court of Appeal, the trial decision was reversed, and or client’s entitlement to participate in the IPO was confirmed. In its reasons, the Court of Appeal said:
“… for persons of specialized employment skills, nearing the older end of the work force spectrum for the occupation, operating at high levels of responsibility in circumstances in which replacement employment is not readily available, 12 months will not be an unusual notice period and longer notice will be the norm.”
The case has now been settled on the payment of a substantial sum to our client.