The Ontario Superior Court judge has approved Loblaws offer of $500 million to settle a years-long bread price-fixing lawsuit.
Justice Ed Morgan said the amount was "an excellent and fair result for all concerned."
The settlement he approved includes a combined $404 million to be paid by Loblaw and George Weston. The remaining $96 million is accounted for through a gift card program Loblaw began in 2018 and ran through 2019 in hopes of making amends with customers who paid about $1.50 more per loaf of bread.
Once legal fees and other court expenses are paid, 78 per cent of the funds will be allocated to shoppers in Ontario with the remaining amount headed for people in Quebec.
Some customers wanted more, but did not show up in court to press their claims.
There are still some alleged participants in the price-fixing case whose defences have not yet been settled.
