Agriculture Roundup for Tuesday September 17, 2024
The matter of bread price fixing is before the courts.
The Canada Bread Company filed a Statement of Defence and Crossclaim in the Ontario Superior Court of Justice against Maple Leaf Foods to hold it accountable for Canada Bread’s damages.
In the claim filed Sept. 12, 2024, Canada Bread alleges that Maple Leaf failed to act in accordance with the law and breached its management agreements with Canada Bread.
From 1995 to 2014, as the controlling shareholder, Maple Leaf appointed directors to serve on the Canada Bread board of directors and positioned some of the most senior officers of Maple Leaf to operate Canada Bread and occupy the most senior executive role. Maple Leaf represented to Canada Bread that in performing services for Canada Bread it would comply with all applicable laws.