Newspaper article The Canadian Press

Judge Rules $25 Gift Card Terms from Loblaw Companies Ltd. Not Misleading

Newspaper article The Canadian Press

Judge Rules $25 Gift Card Terms from Loblaw Companies Ltd. Not Misleading

Article excerpt

Judge rules Loblaw gift card terms not misleading

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TORONTO - An Ontario judge has ruled that it's too early to determine the enforceability of Loblaw Companies Ltd.'s policy that consumers who receive a $25 gift card from the company waive their right to that sum in possible future settlement money from a bread price-fixing scheme class-action lawsuit.

Ontario Superior Court of Justice Edward M. Morgan dismissed a motion challenging the terms of Loblaw's gift card plan.

The company announced Monday that registrants must agree to a release saying they discharge Loblaw (TSX:L), its parent company George Weston (TSX:WN) and others from relief to the extent of $25 in connection with their involvement in an alleged bread price-fixing arrangement from Jan. 1, 2002 to March 1, 2015. …

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