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by Mike Caswell

Juan Plessis, the former director of pipeline and power research at Canaccord Genuity Corp., has filed a wrongful dismissal lawsuit against the firm. He says that he left his job after Canaccord cut his bonus to $75,000 from $180,000. As he sees it, the reduction amounts to constructive dismissal.

Mr. Plessis's allegations are contained in a notice of claim he filed at the Vancouver courthouse on Monday, June 23. He describes himself as a 50-year-old research analyst who has worked at Canaccord since 2004. His salary when he left was $150,000 per year.

His performance at work, as he describes it, was stellar. He received a number of promotions and increases in salary at the firm. The most recent came on Dec. 1, 2013, when he received the title of director, research -- pipelines and power. At the time of that promotion, the firm's head of research, Dvai Ghose, distributed an e-mail saying that Mr. Plessis's promotion was "well-deserved," the suit states.

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