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Lobew Company and the home company George Weston Limited agreed that they would conclude their part of the Class lawsuits in Ontario and Quebec relating to the overturning allegations throughout the industry on the packed bread bought by the Canadian residents across the country between 2001 and 2021.
However, the settlement is still subject to discussions about the approval of the court in Ontario and Quebec. Individuals who do not want to be involved in legal procedure should be excluded or excluded by 25 April 2025.
The complaints and comments on this settlement should also be submitted by the same date. The distribution protocol revealed that the courts would later decide how to arrange funds for settlement in favor of the company, as well as other customers of packed bread for resale.
What actually happened?
The Competition Office began an investigation into the alleged price fixing scheme throughout the 2016 industry. It is reported that the organization included drawing an artificial increase in bread price between 2001 and 2015 for at least $ 1.50.
Canadian bread, Wal-Mart Canada, Metro and Robesys and Giant Tiger have also been charged with alleged conspiracy. Loblawa’s chairman Galen Weston apologized for his involvement in one of his statements.
He said that on behalf of Weston Group of Company, we were sorry for behavior in the determination of prices that we identified and self-remedied in 2015. He added, “That never had to happen.”
The Canadian bread acknowledged guilt for four prices fixing points, but denied that he was involved in a settlement. Metro and rooms also did not acknowledge any injustice and denied all the allegations.
Who meets the conditions?
The definition of the members of the Loblaw and Weston settlements for the Ontario and Quebec class action is: all individuals who live anywhere in Canada on the day of December 31, 2021 will be acceptable for the Canadian Bread Settlement.
And those who, between January 01, 2001 and December 31, 2021, inclusive, directly or indirectly bought packed bread in the provinces made or distributed by the defendant of the settlement.
The procedure of the request
If you are a qualified person on Ontario and Quebec and you want to participate in Loblaw/Weston, then the good news is that you do not need to do anything at the moment.
But if the courts are approved by Lobe and Weston, they have been approved, further legal notice indicates the following steps.
The distribution protocol provides that individuals who have purchased packed bread for their personal use between the settlement class can request a fee through the procedure of a request that will be established after the final approval of the settlement.
How much do you get?
The exact amount of the settlement payment is still not published by officials, but it is expected that the court will be approved by the food, then two companies will pay up to $ 404 million in cash. The settlement funds will be used to pay the costs approved by the court, the plaintiff.
The remaining $ 96 million has already paid for the Lobe Card program in 2018, which made it possible for the Canadians to get a $ 25 gift card as a fee. The exact amount of payment also depends on the total number of submitted or approved requirements. Settlement funds will be awarded 78% for Ontario class action and 22% for Quebec class action.
After deducting the right to the court, law fees and administration expenses, the remaining food funds will be delivered in accordance with the provisions of the distribution protocol approved by the courts.
When will you get?
It is important to know that the settlement of Lobew/Weston should be approved by the courts in Ontario, as well as Quebec before it can take effect.
The Canadian hearing for the approval of bread in Ontario is scheduled for May 5, 2025, while the hearing of approval of the Quebec settlement is held in Montreal on June 16, 2025.
At the final approval hearing, the court will decide whether the settlement is fair, adequate and reasonable or not. After the final approval hearing, if the settlement becomes final, qualified individuals will be able to receive the amount of the settlement payment within a few weeks to months.
