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If you submitted a arrogate in the class-action settlement related to a years-long bread price fixing scheme, your money it on its way.
The payout process for Canadians whose claims were approved began last week, according to Verita, an independent administrator for the settlement. Because of the high number of approved claims, the settlement website says payments are being issued on a rolling basis.
The Competition Bureau began investigating the matter in 2016, and Weston Foods and Loblaw have admitted that they participated in an "industry-wide price-fixing arrangement" which the bureau alleged added $1.50 to the price of a load of bread.
Loblaw and its parent company George Weston Ltd. agreed in 2024 to pay $500 million to settle the class-action lawsuit.
Anyone who lived in Canada who bought bread for personal use between 2001 and 2021 was eligible to apply for a share of the settlement money, and no proof of purchase was necessary. Claimants had until Dec. 12 of last year to apply.
Breaking down the Canada Bread price-fixing scandal | About That
The amount received will depend on whether claimants previously received a $25 card from the Loblaw Card Program, which it paid out in 2018 to make amends for its role in the scheme.
Those who didn't get a gift card will be paid $49.11, while those who did will get $24.11, according to the bread settlement site.
Claimants will either receive their money by Interac e-transfer or cheque, depending on which method they selected when making the claim.
The claim website says legitimate e-transfer emails will only come from notify@payments.interac.ca.
"We will never send any communications or payments via text," the claim webpage reads, adding that claimants should not click any links or respond to text messages claiming to be from Verita.
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