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Jul 25, 2024 · One important detail of the agreement is that people who accepted a $25 gift card from Loblaw in 2018 have not waived their eligibility to receive funds under the new settlement.
- Susan Krashinsky Robertson
Jul 25, 2024 · Hopefully it's not in gift cards this time. Loblaws is slated to pay out the largest class action settlement in Canadian history later this year as it agrees to distribute $500 million to people affected by its bread price-fixing scheme. The settlements will be paid out in several ways.
5 days ago · When Loblaws put forward their gift card program, it was open to anyone who may have purchased bread in one of their stores during the 14-year period in question. Once the courts approve the settlement, the most likely scenario would be that customers would need to contact the administrator of the funds for their own reimbursement.
Jul 25, 2024 · The $500 million figure includes the roughly $96 million worth of gift cards that Loblaws doled out to consumers back in 2017 when the story first came to light. In its second quarter earnings report this morning, Loblaws says it booked a $164 million impairment charge related to the settlement.
Jul 25, 2024 · Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a bread price-fixing scheme.
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...
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Jul 26, 2024 · Loblaws will contribute $252.5m, of which $156.5m will be paid in cash and $96m in credit from the Loblaw customer card programme.
