{"id":26855,"date":"2024-07-25T18:23:45","date_gmt":"2024-07-25T18:23:45","guid":{"rendered":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=26855"},"modified":"2024-07-25T18:23:45","modified_gmt":"2024-07-25T18:23:45","slug":"update-skimminbread-off-the-bread","status":"publish","type":"post","link":"https:\/\/allanhardingmackay.ca\/courtpainter\/?p=26855","title":{"rendered":"UPDATE: Skimmin’$Bread off the Bread…"},"content":{"rendered":"\n
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By Lucas Casaletto, The Canadian Press Jul 25, 2024 01:38:15 PM<\/strong><\/p>\n\n\n\n

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Loblaw Cos. Ltd. and its parent company, George Weston Ltd., have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in an alleged bread price-fixing scheme.<\/p>\n<\/blockquote>\n\n\n\n

The class-action case was brought against a group of companies, including Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger, and Sobeys, and its owner, Empire Co. Ltd.<\/p>\n\n\n\n

The plaintiffs allege those companies participated in a 14-year industry-wide price-fixing conspiracy between 2001 and 2015, which artificially increased packaged bread prices.<\/p>\n\n\n\n

George Weston will pay $247.5 million in cash, while Loblaw will pay $252.5 million, which includes $156.5 million in cash and credit for $96 million previously paid to customers by Loblaw under the Loblaw Card program.<\/p>\n\n\n\n

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click link for previous post<\/strong><\/em><\/p>\n\n\n\n

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Skimmin’ $Bread off the Bread<\/a><\/blockquote>