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Loblaw and parent company agree to pay $500 million in bread price-fixing lawsuit

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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.

Various brands of bread sit on shelves in a grocery store in Toronto on Wednesday Nov. 1, 2017. THE CANADIAN PRESS/Doug Ives

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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