Business, Rebates

$1 billion class-action lawsuit filed against Loblaws over bread price-fixing scheme

If you decide to claim the $25 offer by Loblaws as described in my previous blog entry, you might not be eligible for payment from the $1 billion class-action lawsuit filed against  Loblaws.

According to article published by Toronto Star:

Jean-Marc Leclerc, a lawyer with Sotos LLP and co-counsel to the case told the Star on Sunday that he cannot yet confirm whether accepting the $25 gift card will have an effect on someone’s ability to claim damages.

“We will argue to the court that this is a gratuitous offer that is being made by Loblaw, and does not represent in any way an adequate award of damages,” Leclerc said in a phone interview.

If the defendants (Loblaws) attempt to argue that gift card recipients can’t participate in the suit, Leclerc said Sotos LLP will “go to the court on very short order to say that is improper, and that we want relief from the court relating to that issue.”

Leclerc stressed that the matter remains before the court, which will ultimately decide whether the gift card will impact damages awarded to participants of the suit.

Click here to read the article published by Toronto Star.