Loblaw, parent company agree to pay $500M to settle bread price-fixing lawsuit

Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a pair of class-action lawsuits regarding their involvement in an alleged bread price-fixing scheme. The class-action cases were brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger, Sobeys and bakery supplier Canada Bread Co. They alleged the defendants conspired to fix the price of packaged bread in Canada, and were filed on behalf of all residents of Canada who purchased packaged bread after Nov. 1, 2001. Global's Anne Gaviola reports. For more info, please go to https://globalnews.ca/news/10642801/loblaw-bread-price-fixing-class-action/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #Loblaws #Lawsuit