Saturday, October 26, 2024

Maple Leaf escapes bread case

Maple Leaf Foods Inc. has escaped from a class-action lawsuit over price-fixing bread and buns.

An Ontario Superior Court judge has dismissed an attempt to add it to the lawsuit against Canada Bread Co., Weston Bread and some supermarket chains.


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.


Maple Leaf was not named in the initial lawsuit.


This lawsuit is one of two launched in the wake of a continuing Competition Bureau investigation into an alleged industry-wide conspiracy to fix the price of bread.