An Ontario judge has approved a settlement in a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread.
In a written decision, judge Ed Morgan says the $500-million settlement is excellent, fair and in the best interest of class members.
The settlement was reached last year and includes a combined $404-million to be paid by Loblaw and George Weston.
In the US execs would be doing hard time.
