Latest news with #GeorgeWestonLtd.
Edmonton Journal
6 days ago
- Business
- Edmonton Journal
How to get your slice of the $500-million bread-fixing class-action settlement
Article content Canadians who bought packaged bread in the past two decades may be eligible for a cash payout from a $500-million bread-fixing class action settlement. Earlier this month, the Ontario Superior Court approved the national settlement of a lawsuit that accused Loblaw Cos. Ltd. and its parent company, George Weston Ltd., of participating in an industry-wide scheme to fix the price of bread.
Toronto Star
26-05-2025
- Business
- Toronto Star
Judge approves $500M settlement in Loblaw, George Weston bread price-fixing case
TORONTO - Some Canadian shoppers may soon receive cash from a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread. Ontario Superior Court Judge Ed Morgan approved a $500-million settlement in the case on May 7, saying the money put forward by the grocery companies was 'an excellent and fair result for all concerned.'
Vancouver Sun
26-05-2025
- Business
- Vancouver Sun
Judge approves $500-million settlement in Loblaw bread-fixing case
An Ontario judge has approved a settlement in a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread. In a written decision, judge Ed Morgan says the $500-million settlement is excellent, fair and in the best interest of class members. The settlement was reached last year and includes a combined $404 million to be paid by Loblaw and George Weston. The remaining $96 million is accounted for through a gift card program Loblaw announced in 2017 to make amends for co-ordinating the price of some packaged bread back to 2001. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Once legal fees and other court expenses are paid, records show 78 per cent of the settlement funds will be allocated to residents in Canada outside Quebec and 22 per cent will wind up with people in that province. Those eligible for a piece of the settlement had to have purchased packaged bread for personal use or for resale between January 2001 and December 2021. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
Global News
26-05-2025
- Business
- Global News
Judge approves $500M settlement in Loblaw, parent company bread-fixing case
An Ontario judge has approved a settlement in a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread. In a written decision, judge Ed Morgan says the $500-million settlement is excellent, fair and in the best interest of class members. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The settlement was reached last year and includes a combined $404 million to be paid by Loblaw and George Weston. The remaining $96 million is accounted for through a gift card program Loblaw announced in 2017 to make amends for co-ordinating the price of some packaged bread back to 2001. Once legal fees and other court expenses are paid, records show 78 per cent of the settlement funds will be allocated to residents in Canada outside Quebec and 22 per cent will wind up with people in that province. Story continues below advertisement Those eligible for a piece of the settlement had to have purchased packaged bread for personal use or for resale between January 2001 and December 2021.
