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The Loblaw/Weston settlement must be approved by the Courts in Ontario and Quebec before it can become effective. The Settlement Approval Hearing in Ontario is scheduled for May 5, 2025.
If the Loblaw/Weston settlement is approved by the Courts, a further legal notice will be provided outlining next steps.
BELOW WAS THE PREVIOUS POST REGARDING THE SETTLEMENT, WE POSTED IT ON MARCH 16, 2025. If you wish to know more about it, read on.
A Proposed $500 million settlement in a pair of class-action lawsuits against Loblaw Cos. Ltd. and parent company George Weston Ltd. for its part in an alleged multi-year bread price-fixing scheme has been executed — and you could potentially get a slice of the payout.
The lawyers say the settlement also provides access to information that will be used in continuing the cases against the remaining defendants: Canada Bread, Sobeys, Metro, Walmart Canada and Giant Tiger.
The Competition Bureau began investigating alleged bread price-fixing in January 2016. It said at least $1.50 was added to the price of a loaf of bread due to the alleged 14-year conspiracy.
The funds will be divided between the two class actions with 22 per cent going to the Quebec suit and the remaining 78 per cent going to the Ontario suit, according to Strosberg Wingfield Sasso LLP and Orr Taylor LLP.
Individuals who bought packaged bread in the province between Jan. 1, 2001 and Dec. 31, 2021, are automatically included in either the Quebec class action — for Quebec residents who bought bread in Quebec — or the Ontario class action, for everyone else.
Weston and Loblaw will provide a cash payment of $404 million, with $96 million already paid by the grocer through the Loblaw Loyalty Card Program in 2017.
The claims process has yet to be established. As we find out, we will post about it and explain the process to cash in on part of the settlement.
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