The Ontario Superior Court approved a landmark $500-million settlement in a price-fixing case involving Loblaw Companies Limited. The lawsuit highlighted a conspiracy among major grocery companies to artificially inflate bread prices between 2001 and 2015, affecting nearly all Canadians. Plaintiffs' lawyer Jay Strosberg emphasized the significance of the settlement and its widespread impact. Eligibility for compensation hinges on residency and purchases made within specific timeframes. This settlement is noted as the largest of its kind in Canadian history, addressing widespread consumer grievances.
We're talking about almost everyone in the country who is probably impacted by this conspiracy.
The $500-million settlement was characterized by the Ontario Superior Court as an 'excellent and fair result for all concerned.'
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