Posted: Mar 04, 2021 4:00 AM ET | Last Updated: March 4
Former investment adviser Leigh Cunningham of Winnipeg is the representative plaintiff in a vacation pay class-action lawsuit seeking $800 million from RBC Dominion Securities.(Lyzaville Sale/CBC)
When Leigh Cunningham of Winnipeg left her 26-year career as an investment adviser with RBC Dominion Securities, she did some math and realized that for decades she hadn t been receiving six per cent vacation pay on her full income.
Cunningham has launched a proposed $800-million class-action lawsuit on behalf of thousands of advisers.
She alleges that RBC, which last week reported soaring profits, has systematically short-changed workers by failing to provide proper vacation pay to advisers whose compensation is based mostly on commissions and bonuses.