Judge rules $25 gift card terms from Loblaw Companies Ltd. not misleading
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.
Morgan said in his ruling that he’s not in a position to know what, if any, an eventual settlement will entail, so it’s too soon to declare the release enforceable or not.