Judge approves $500M settlement in Loblaw, parent company bread-fixing case

An Ontario choose has accepted a settlement in a class-action lawsuit that accused Loblaw Cos. Ltd. and its guardian firm George Weston Ltd. of participating in an industry-wide scheme to repair the worth of bread.

In a written determination, choose Ed Morgan says the $500-million settlement is great, truthful and in one of the best curiosity of sophistication members.

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The settlement was reached final yr and features a mixed $404 million to be paid by Loblaw and George Weston.

The remaining $96 million is accounted for by a present card program Loblaw introduced in 2017 to make amends for co-ordinating the worth of some packaged bread again to 2001.

As soon as authorized charges and different courtroom bills are paid, information present 78 per cent of the settlement funds shall be allotted to residents in Canada outdoors Quebec and 22 per cent will wind up with folks in that province.

These eligible for a chunk of the settlement needed to have bought packaged bread for private use or for resale between January 2001 and December 2021.