2 d. ago
Here's who is eligible for Loblaw's proposed $500 million price
Some Canadian shoppers could cash in on part of a massive bread price-fixing class-action settlement from Loblaw.Law firms Strosberg Wingfield Sasso LLP and Orr Taylor LLP announced on Tuesday that a $500-million settlement agreement with George Weston Limited and Loblaw Companies Limited was executed on Jan. 31, 2025, to settle nationwide class-action lawsuits against them related to industry-wide price fixing for certain packaged bread products.The settlement is still subject to court approval in Ontario and Quebec. Approval hearings will occur on May 5 in Toronto and June 16 in Montreal.If approved, the law firms say the settlement will resolve all claims against Loblaw and Weston related to the class actions."On behalf of the Weston group of companies, we are sorry for the price-fixing behaviour we discovered and self-reported in 2015. This behaviour should never have happened," said Galen Weston Jr., chairman of Loblaw and chief executive officer of Weston, in a statement in Ju...
Economics