Loblaw and parent company George Weston settle $500m class-action lawsuit over 14-year bread price-fixing conspiracy; largest antitrust settlement in Canadian history.
Loblaw Cos. Ltd. and parent company George Weston Ltd. agreed to pay a record $500m to settle a class-action lawsuit alleging their participation in a 14-year bread price-fixing scheme between 2001 and 2015. The plaintiffs claim the companies, along with others, artificially increased packaged bread prices through a conspiracy. This is the largest antitrust settlement in Canadian history.
July 25, 2024
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