Giacomodonato v. PearTree Securities Inc.
Davide Giacomodonato
Law Firm / Organization
Bennett Jones LLP
PearTree Securities Inc.
Law Firm / Organization
Lenczner Slaght LLP
PearTree Financial Services Ltd.
Law Firm / Organization
Lenczner Slaght LLP
  • In the case of Giacomodonato v. PearTree Securities Inc. dated October 5, 2023, involved a previous court decision, wherein plaintiff David Donatao had filed a complaint and a dismissal of the counterclaim brought by his former employer, defendant PearTree Securities.
  • The case had stemmed from Mr. Donato's termination by PearTree in January 2018, leading him to sue for wrongful dismissal and amounts owed, which had ranged from $3.194 million to $3.927 million, while PearTree had acknowledged owing between $240,000 and $627,516.
  • During the trial, PearTree had abandoned its claims for general and punitive damages, instead seeking Mr. Donato to disgorge his employment income.
  • The court had ruled in favor of Mr. Donato, awarding him $10,000 in punitive damages and a total judgment of $718,103.05, including prejudgment interest.
  • Regarding costs, Mr. Donato had requested $538,726.37 for legal fees and $247,035.38 in disbursements, while PearTree had argued against any costs being awarded to either party.
  • Ultimately, the court had awarded Mr. Donato his costs on a partial indemnity basis, totaling $830,761.75, inclusive of disbursements and HST.
  • The court had emphasized that PearTree's conduct throughout the litigation, including pursuing unfounded claims, had warranted the substantial costs award, which had reflected the circumstances of the case.
  • The decision had aimed to discourage frivolous and tactical litigation and encourage fair and reasonable conduct in legal proceedings.
Superior Court of Justice - Ontario
CV-18-594959
Employment law
$ 830,761
Plaintiff