$2.2-million wrongful dismissal judgment reduced to $600,000
Employers can breathe a little easier after a $2.2-million judgment against Merrill Lynch for wrongful dismissal was reduced to $600,000 on appeal. In its decision in Merrill Lynch Canada Inc. v. Soost, the Alberta Court of Appeal has provided some protection for employers that want to terminate an employee but do not know whether or not just cause exists and are fearful of being hit for bad faith damages.
