Efforts to add Maple Leaf Foods to bread-price fixing class action denied
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Hey there, time traveller!
This article was published 25/10/2024 (409 days ago), so information in it may no longer be current.
TORONTO – An Ontario Superior Court judge has dismissed an attempt to add Maple Leaf Foods to a class-action lawsuit related to the bread-price fixing scandal.
When the class-action lawsuit was originally certified in an Ontario court in 2021 against several grocery retailers and other food companies, Maple Leaf was not included.
Plantiffs, supported by Canada Bread Co., argued last month that Maple Leaf should be added as a defendant in the lawsuit because of its past ownership of the company.
Canada Bread was fined by the bureau in 2023 after admitting to four counts of price-fixing, but has argued as part of the class-action lawsuit that Maple Leaf, which was its majority owner at the time, should shoulder the blame instead.
Maple Leaf sold Canada Bread to Mexico’s Grupo Bimbo for $1.8-billion in February.
The class-action lawsuit is one of two launched in the wake of an ongoing Competition Bureau investigation into an alleged industry-wide conspiracy to fix the price of bread.
This report by The Canadian Press was first published Oct. 25, 2024.
Companies in this story: (TSX:MFI)