•   
  •   
  •   

Money You can sign up for the $25 Loblaw gift card starting today. Here’s how.

17:17  08 january  2018
17:17  08 january  2018 Source:   macleans.ca

Bread price-fixing: Don't blindly accept Loblaw gift card, law firms warn

  Bread price-fixing: Don't blindly accept Loblaw gift card, law firms warn "Most people, or people like me, don't take the time to read every little provision when they're signing up or hitting accept on the Internet," Michael Vathilakis said on Wednesday. “Make sure you’re not relinquishing any rights.”Two class-action lawsuits have been filed, in Quebec and Ontario, against Loblaw Companies Ltd. and George Weston Ltd., among others, alleging the companies conspired to fix the price of packaged bread in Canada since 2001.

The gift cards can be used to buy items sold in their grocery stores across Canada. Loblaw has said it expects as many as six million Canadians will receive But even if you didn’t already sign up for the email, you can still claim your $ 25 gift card as long as you complete your registration by May 8, 2018.

Signing up for gift card doesn't preclude participating in class actions, but any payout would be deducted. Pete Evans · CBC News · Posted: Jan 08 Consumers can sign up for the Loblaws $ 25 rebate for bread price fixing on Monday, but the agreement comes with a few small strings attached.

a sign on the side of a building: (Shutterstock)© Used with permission of / © Rogers Media Inc. 2018. (Shutterstock)

Today customers can begin registering to receive Loblaw Companies’ $25 gift cards, the grocer’s apology for its role in a bread price-fixing scheme cooked up alongside several other companies. The gift cards can be used to buy items sold in their grocery stores across Canada. Loblaw has said it expects as many as six million Canadians will receive the gift card and it will cost the company up to $150 million in total payout.

Quotes in the article

Loblaw Companies Ltd

L

People are struggling to spot a card among gift bags in this viral brain teaser

  People are struggling to spot a card among gift bags in this viral brain teaser Hungarian artist Gergely Dudás created a colorful brain teaser — can you spot the card among the gift bags?- One of the puzzles in the book asks people to find the card among the gift bags.

$ 25 LOBLAW CARD . Loblaw discovered that Canadians were overcharged for the cost of some packaged bread products in our stores and Click here for the list of stores. This policy applies to Loblaw Companies Limited and its subsidiaries in Canada (collectively referred to in this document as

Here ’ s how . http://ow.ly/5ApO30hE73U pic.twitter.com/c1lThTBmKa.

67.64
-0.28
-0.41%
George Weston Ltd

WNGRF

86.73
-0.01
-0.01%
Wal-Mart Stores Inc

WMT

100.64
+0.54
+0.54%
S&P/TSX Composite

0000

16,341.10
-8.34
-0.05%

To register for the gift card you need to be at least 18 year old and have purchased certain bread products. No documentation is required as part of the registration and Loblaws indicates it has the right to limit the number of gift cards made available. Full details and the registration entry form are available at a website made public today.

MORE: Want to donate your Loblaw gift card? Find your nearest food bank here.

When the announcement was made in December 2017, Canadians were able to sign up to receive email notice once registration opened. But even if you didn’t already sign up for the email, you can still claim your $25 gift card as long as you complete your registration by May 8, 2018.

Former Manitoba grand chief files $1B class-action suit over bread price-fixing

  Former Manitoba grand chief files $1B class-action suit over bread price-fixing Derek Nepinak, the former grand chief of the Assembly of Manitoba Chiefs, has filed a $1 billion class-action lawsuit against multiple Canadian grocers after Loblaw Companies revealed it participated in industry-wide bread price-fixing for 14 years. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.

I just signed up for my card from Loblaws so I can send it to the food bank. The company is offering the cards as a way to make up for the price fixing, but accepting one doesn't mean you can 't join in "Registering for and obtaining the $ 25 Loblaw Card will not affect customers’ right to participate in

WATCH: Should you sign up for Loblaw ’ s $ 25 gift card ? A cash donation will also get you a charitable donation tax receipt — something you ’ll miss out on if Loblaw began accepting registrations for the $ 25 gift cards in January, after admitting its part in an industry-wide bread price-fixing arrangement.

Most Canadians were surprised when Loblaw Co. and its parent company George Weston Ltd. confirmed last month that they were behind a tip-off to the Competition Bureau about an alleged industry-wide bread price-fixing scheme that lasted from 2001 to 2015. For 14 years, Loblaw Co., Weston’s bakery division along with other grocery retailers coordinated bread price increases.

Some estimate Loblaw pocketed a whopping $1 billion in extra profit made on bread bought by all Canadians at the grocery chain over the 14 years. “We don’t believe $25 is much in the way of compensation,” says Bruce Cran, president of the Consumer’s Association of Canada (CAC), based in Vancouver. “A gift card for a few loaves of bread is not enough accountability for the length of time this scheme went on.”

Other groups across Canada agree and class action suits have been launched by senior citizen and anti-poverty activists, as well as other groups in Quebec, Ontario and Manitoba, including a recent one by Derek Nepinak, a former grand chief of the Assembly of Manitoba Chiefs. Nepinak is the lead plaintiff in a $1 billion class-action lawsuit on behalf of all Canadians who purchased bread from the named grocers since January 2001. The case is one of many cropping up against multiple Canadian grocers, including Loblaw Companies Ltd., its parent company George Weston Ltd., baking giant Canada Bread Co., as well as Walmart Canada, Metro, and Giant Tiger Stores Ltd. He is being represented by Winnipeg-based law firm Boudreau Law but there are others in motion by Strosberg Sasso Sutts LLP and Merchant Law.

Judge rules Loblaw gift card terms not misleading

  Judge rules Loblaw gift card terms not misleading TORONTO - An Ontario judge has ruled that it's too early to determine the enforceability of Loblaw Companies Ltd.'s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit. Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan. The company announced Monday L

Registration opened Monday for people wanting to sign up for Loblaw ’ s promised $ 25 gift card , but lawyers are warning consumers to “read the fine print.”. Loblaw Companies Ltd. is offering customers the card as a goodwill gesture after admitting the company participated in an industry-wide bread

Qualifying for a $ 25 gift card from Loblaw Cos. Ltd. issued as a goodwill gesture to help offset 14 years of price-fixing has turned out to be more Loblaw expects that as many as six million people will apply for the $ 25 card and plans to treat that as a 0-million reduction in any damages that might

READ: Is price fixing a major problem in Canada?

There have been rumblings that Canadians shouldn’t take the $25 gift card because it could disqualify them from participating in the class action suits, which hold out the possibility of a much, much bigger payoff than the gift cards. However, lawyers as well as company spokespeople say you can claim the gift card without fear of being barred from future legal settlements. In fact, Loblaw itself noted that the $25 gift card should not be looked at as the only estimate of legal damages.

Lawyer Anthony Merchant of Merchant Law, whose firm is also working on a class action suit against Loblaw, recommends that Canadians register for both the gift card and class action lawsuit. “Take the $25 and sign on to our class action suit as well,” says Merchant. “The gift card is $25 in your hand. I don’t foresee Loblaw putting any requirements on claiming it and Canadians should be able to claim the gift card as well as have a share of any future class action suit settlement if they join.”

It’s likely that the class action lawsuits (as well as any other lawsuits) against Loblaw and other grocers involved in this price-fixing scheme will take months, if not years, to wind their way through the courts and fairly substantial monetary settlements and penalties are likely to be awarded.

Loblaw says it doesn’t plan to cap number of gift cards

  Loblaw says it doesn’t plan to cap number of gift cards Grocer clarifies policies around make-good after price-fixing scandalL

The Loblaw Card Program is administered by JND Legal Administration (the “Program Administrator”) on behalf of Loblaw . The Personal Information submitted by you may be shared amongst Loblaw , the Program Administrator, Blackhawk and Peoples for the purposes referred to above.

Loblaw is offering customers a gift card after a price-fix admission. Here ’ s how to get yours.

“The punishment has to be sufficiently severe to make up for this conduct because on many other occasions they’re likely getting away with it,” says Merchant.

MORE ABOUT LOBLAW

  • Loblaw could owe you much more than $25
  • Canada’s Richest People 2018: The Top 25 Richest Canadians
  • CIBC, PC Financial split sheds light on bruised loyalty card industry
  • Let pharmacies sell medical marijuana, Loblaw president says
  • Loblaw store expansion to create 20,000 jobs this year
  • Just catching up? Loblaw is reversing decision to pull French’s
  • Loblaw to close 52 unprofitable stores including pharmacies, grocery stores

Bakery to offer free bread in exchange for bread price-fixing $25 gift cards .
A local bakery in Kamloops, B.C., is offering customers five loaves of bread in exchange for their $25 gift cards to Save-On-Foods and Loblaws grocery stores, which they will then donate to local charities.AMZN

—   Share news in the SOC. Networks

Topical videos:

This is interesting!