•   
  •   
  •   

Money Judge rules Loblaw gift card terms not misleading

22:25  10 january  2018
22:25  10 january  2018 Source:   msn.com

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.

An Ontario judge has dismissed a motion challenging the terms of Loblaw 's plan to give out gift cards . Loblaw has asked those taking the cards to waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit.

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 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.

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.

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.

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 gift Loblaw spokesman Kevin Groh says the `` ruling puts to rest the nonsensical claim by class-action lawyers that our Loblaw Card is misleading

The terms of the card being offered by Loblaw Cos. Ltd. as a way of making amends to customers for 14 years of fixing the price of bread are fair and not misleading , an Ontario Superior Court justice ruled Tuesday. Loblaw places restrictions on gift card offer after bread price-fixing scheme.

67.47
-0.39
-0.57%
George Weston Ltd

WNGRF

86.81
+0.08
+0.09%
S&P/TSX Composite

0000

16,254.55
-64.69
-0.40%
S&P/TSX Venture Composite

ISPVX

911.69
-12.93
-1.40%

Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan.

a sign on the side of a building© Provided by thecanadianpress.com

The company announced Monday that registrants must agree to a release saying they discharge Loblaw (TSX:L), its parent company George Weston (TSX:WN) and others from relief to the extent of $25 in connection with their involvement in an alleged bread price-fixing arrangement from Jan. 1, 2002 to March 1, 2015.

Morgan said in his ruling that he's not in a position to know what, if any, an eventual settlement will entail, so it's too soon to declare the release enforceable or not.

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.

Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw ’s gift card plan. Loblaw spokesman Kevin Groh says the “ ruling puts to rest the nonsensical claim by class-action lawyers that our Loblaw Card is misleading and confusing

LOBLAW CARD . Loblaw discovered that Canadians were overcharged for the cost of some packaged bread products in our stores and other grocery stores across Canada. See Loblaw Card Cardholder Agreement for card terms and conditions.

Loblaw spokesman Kevin Groh says the "ruling puts to rest the nonsensical claim by class-action lawyers that our $25 Loblaw Card is misleading and confusing," when the company is trying to put money in affected consumers' hands quickly.

The law firm which brought the action in front of the court, Strosberg Sasso Sutts LLP, says the ruling is a victory for consumers as Loblaw will not be able to deduct the gift card value from any future settlement pay out "unless it demonstrates that it is fair to consumers as part of an overall resolution of their price-fixing claims."

Why Loblaw Companies Ltd. Might Have a Horrible 2018 .
Loblaw Companies Ltd. (TSX:L) has endured a price-fixing scandal, minimum wage hikes, and it is now facing a tax dispute as well. Is there any reason to buy the stock?However, Loblaw could be saddled with an even bigger expense, as it is in the middle of a tax dispute with the Canadian Revenue Agency (CRA) that could cost the grocer as much as $404 million in interest and penalties. The trial is set for April 23; the CRA alleges that Loblaw used an off-shore bank account in Barbados to circumvent rules and avoid paying taxes.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!