In court filing, Jean-Paul Bachellerie alleges Ventum Financial terminated his employment ‘without cause’
The former president and chief operating officer of Ventum Financial Corp., Jean-Paul Bachellerie, has filed a wrongful dismissal lawsuit against the company, arguing he was fired for no reason and without severance pay after 29 years of employment.
Mr. Bachellerie, 59, alleges in his court filing that he “at all times loyally and faithfully discharged his employment duties” to Ventum. On June 24, 2023, PI Financial and Echelon Wealth Partners amalgamated, and Mr. Bachellerie was appointed president and COO of the new company. As part of his contract, after the merger, he was promised a $570,000 payout from a success bonus pool, of which $285,000 would be paid in equity and the remainder in cash. He says he is still owed $80,000 in cash.
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