Overview
- The $500-million settlement resolves a class-action lawsuit accusing Loblaw and George Weston of fixing bread prices from 2001 to 2021.
- Judge Ed Morgan described the settlement as 'excellent, fair and in the best interest of class members.'
- Eligible claimants include individuals or businesses that purchased packaged bread for personal use or resale during the 20-year period.
- Settlement funds will be allocated with 78% going to residents outside Quebec and 22% to Quebec residents after legal fees and expenses.
- The settlement includes $404 million in payments and $96 million in gift cards issued through a program launched by Loblaw in 2017.