Loblaw places restrictions on gift card offer after bread price-fixing scheme
VANCOUVER — Consumers who receive a $25 Loblaw Companies Ltd. gift card intended as a goodwill gesture in light of the company’s participation in a bread price-fixing scheme may end up with less money from any future court judgement or settlement.
Loblaw opened registration for the gift cards Monday and revealed a number of restrictions for redemption and eventual use.
Recipients are not prohibited from participating in any class-action lawsuits, according to the registration site, but they will receive $25 less of any possible damages awarded in the future from any class-action judgments or settlements.
Registrants must agree to a release that says they discharge Loblaw (TSX:L), its parent company George Weston Ltd. (TSX:WN) and others from any kind of relief in connection with their involvement in an alleged bread price-fixing arrangement from Jan. 1, 2002 to March 1, 2015 to the extent of $25.