If you haven’t already submitted a claim to get your share of a $500-million settlement regarding the alleged industry-wide price fixing of bread in Canada, you’re basically throwing money away.
The claims process opened in September in the approved settlement involving Loblaw Cos. Ltd. and its parent company George Weston Ltd.
Claims only take a minute or two to complete and can be made until Friday, Dec. 12. Payments, however, are not expected to be sent out for six to 12 months.
The settlement is open to anyone 18 or older who bought packaged bread for personal use between Jan. 1, 2001, and Dec. 31, 2021, and no proof of purchase is required.
It doesn’t have to just be bread either, as the purchase of bagged buns, rolls, bagels, naan, English muffins, wraps, pita and tortillas all qualify.
The exact amount each person receives will depend on how many people apply to split up the $404 million left to be paid out.
According to Verita, an independent administrator for the settlement, each claimant could get a minimum of $50.
The first $96 million was already used through a gift card program Loblaw ran in 2018 and 2019 in hopes of appeasing customers who had been wronged by the price-fixing scandal.
Those who already received a $25 Loblaw card at that time can still submit a new claim now, but will only be paid if there are sufficient settlement funds left over after others are paid.
Most will take their payments by e-transfer, but there is an option to be paid by cheque for a $2 fee to cover the additional costs that come with it.
For more information and to submit your claim, click this link.
