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Canaccord Genuity Group Inc
Symbol CF
Shares Issued 102,572,826
Close 2015-07-10 C$ 7.05
Market Cap C$ 723,138,423
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Canaccord resolves lawsuit over ex-analyst's low bonus

2015-07-10 10:51 ET - Street Wire

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by Mike Caswell

Juan Plessis, the former Canaccord Genuity Corp. analyst suing the firm in the Supreme Court of British Columbia after receiving a lower-than-expected bonus, has resolved the dispute out of court. In a consent order filed on July 7, 2015, he has agreed to drop the lawsuit. Each side will cover its own legal costs.

The order represents a sudden end to a case that arose about a year ago over a pay dispute. In a notice of claim filed at the Vancouver courthouse on June 23, 2014, Mr. Plessis complained that Canaccord, his employer of 10 years, had breached his employment contract by paying him a bonus in an amount a more junior employee would expect. The bonus, which was on top of his $150,000-per-year salary, only amounted to $75,000, he said. In prior years he had received a bonus of $150,000 or $180,000.

Juan Plessis
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Juan Plessis

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