Loblaw and George Weston Ltd. agree to pay $500 million to settle a class-action lawsuit alleging involvement in a bread price-fixing scheme from 2001-2015.
The payout, subject to court approval, is the largest antitrust settlement in Canadian history, reflecting a significant milestone in Canadian class action history.
Apology from George Weston for behavior not meeting values, emphasizing the privilege of serving Canadians and the need to earn trust daily.
Explanation of Canada Bread's $50 million fine for price-fixing scheme, highlighting it as the highest fine ever imposed by Canada's Competition Bureau.
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