This class action concerns the Restricted Share Units and other deferred compensation owed to the employees of Apache Canada Ltd. when that company was sold by Apache Corporation to Paramount Resources Ltd. in 2017. The class action alleges that the terms of the Apache Corporation omnibus compensation plan provided that the employees’ Restricted Share Units and other deferred compensation would automatically vest and be paid to the employees upon that sale. However, such Restricted Share Units and other deferred compensation have not been honoured by either Apache Corporation or Paramount Resources Ltd. Approximately 400 employees were thereby denied a significant component of their compensation.
If you were an employee of Apache Canada Ltd. on July 6, 2017 and participated in Apache Corporation’s omnibus compensation plan , please contact Koskie Minsky LLP, Toll Free: 1-833-630-1775 or Email: firstname.lastname@example.org.
Koskie Minsky LLP and Koskie Glavin Gordon are jointly prosecuting this class proceeding on behalf of the Plaintiffs.