Jim Orr, a partner at Orr Taylor LLP, stated, “This resolution provides Canadian consumers with the monetary relief they deserve.” In May, Ontario Superior Court Judge Ed Morgan approved the $500-million settlement in the case, which includes a combined $404 million to be paid by Loblaw and George Weston after they were accused of engaging in an industry-wide scheme to fix the price of bread.“ This resolution provides Canadian consumers with monetary relief they deserve,” said Jim Orr, partner at Orr Taylor LLP.
After Loblaw and George Weston were accused of engaging in an industry-wide scheme to fix the price of bread, the $500 million settlement was approved in May by Ontario Superior Court Judge Ed Morgan. The remaining $96 million is accounted for through a gift card program that Loblaw started in 2018 and continued through 2019 in the hope of making amends with customers who paid approximately $1.50 more per loaf of bread. In his written decision, Morgan stated that the grocery companies’ offer of funding was “an excellent and fair result for all concerned.” In July, the Quebec Superior Court also approved the settlement agreement. Once legal fees and other court expenses are paid, 78 per cent of the funds are to be allocated to shoppers in Ontario with the remaining amount headed for people in Quebec.Customers who bought bread between January 2001 and December 2021 and did not previously take a gift card from Loblaw will eventually receive up to $25.
$500M bread price fixing settlement now open for Canadians to claim
