Canadians could soon get a piece of two class-action settlements accusing Loblaw and its parent company of engaging in an industrywide scheme to fix the price of bread, but there are still some steps left before the money rolls out.
Before anyone can claim money, both class-action settlements against Loblaw and parent company George Weston Ltd. must be approved in court.
Earlier this month, the settlement that was filed in Ontario was approved by Judge Ed Morgan, who said the $500-million settlement was excellent, fair and in the best interest of class members.
The second was filed in Quebec and is expected to be heard by a judge for potential approval June 16.
“If the settlement is approved, it will resolve all claims against Loblaw and Weston related to this matter,” a press release from Strosberg Wingfield Sasso LLP and Orr Taylor LLP said in March when announcing the proposed settlement.
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Should both class-action settlements be …