Loblaw, George Weston’s $500M bread settlement returns to court

Loblaw and parent company George Weston’s $500-million settlement is set to go before a Toronto court Monday for approval.

Those who bought packaged bread in Canada between 2001 and 2021 may be a step closer to receiving compensation for being overcharged.

The deal is set to resolve two class-action lawsuits tied to an alleged bread price-fixing scheme.

As per the settlement, Loblaw and George Weston have agreed to pay $500 million to members of the class action.

In exchange, class-action members will give a full release on claims against the companies.

Lawyers say the agreement would also give plaintiffs access to documents to help continue their case against other retailers, including Canada Bread, Sobeys, Metro, Walmart Canada and Giant Tiger.

A lawyer who represents the plaintiffs says this is the largest price-fixing settlement in Canadian history.

It’s also one of the largest that doesn’t involve the Government of Canada.

READ MORE: Loblaw and George Weston settle bread price-fixing lawsuits