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 an alleged bread price-fixing scheme.
The Canadian PressA man walks out through the entrance of a Loblaws store in Toronto on Thursday, May 3, 2018. THE CANADIAN PRESS/Nathan Denette
The plaintiffs allege those companies participated in a 14-year industry-wide price-fixing conspiracy between 2001 and 2015 leading to an artificial increase in packaged bread prices.
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