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Group accused of bread price-fixing granted delay on class-action suit [Toronto Globe and Mail (Ontario, Canada)]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
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A group of the country's largest retailers and bread makers has been successful in delaying a class-action lawsuit that alleges they overcharged consumers by an estimated $5-billion over 15 years by artificially raising bread prices. Justice Edward Morgan of Ontario Superior Court ruled on Friday that the companies had good reason to ask for a postponement in the class-action proceedings until a higher court had ruled on some issues that could affect the class-action case. “The benefit of economizing of resources and proceedings in this way will likely outweigh any delay engendered by a pause at this stage,” Judge Morgan said. “In my assessment, the Supreme Court of Canada’s pending judgment … is worth the wait.” Story continues below advertisement Two consumers are seeking certification to launch the class-action on behalf of Canadian shoppers. They had argued the matter should not be postponed because the delay could result in the case Show less Read more
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