CORRECTION FROM SOURCE/Chocolate Class Action Settlements and Claims Process Approved-Chocolate Purchasers Can Make Claims for Reimbursement of Alleged Overcharge
(firmenpresse) - LONDON, ONTARIO -- (Marketwired) -- 09/16/13 -- This document corrects and replaces the press release that was issued today at 7:00am EDT.
Class action lawsuits brought across Canada against Cadbury, Hershey, Nestle and Mars entities, and distributor ITWAL Limited alleging price-fixing and price maintenance in the market for chocolate products in Canada have been settled and resolved in full. The defendants deny the allegations and have settled to avoid the expense, inconvenience and distraction of further protracted litigation. The settlements reflect a compromise of disputed claims.
The settlements were approved by the courts in Ontario, British Columbia and Quebec as being fair, reasonable and in the best interests of class members. Together, the defendants, Cadbury Adams Canada Inc., Hershey Canada Inc., Nestle Canada Inc. and Mars Canada Inc. paid $23.2 million for the benefit of all persons who bought Cadbury, Hershey, Nestle and/or Mars chocolate products in Canada between February 1, 2001 and December 31, 2008.
The courts in Ontario, British Columbia and Quebec have also approved a method for distributing the settlement amounts (less approved fees and expenses) to consumers and commercial purchasers with chocolate product purchases between October 1, 2005 and September 30, 2007. Consumers who purchased at least $1,000 in chocolate products between October 1, 2005 and September 30, 2007 will be eligible to make a claim for direct monetary compensation. It is not necessary to have purchase records in order to make a claim, although consumer claims that are not supported by purchase records are capped at $50.
Recognizing that not all consumers will have made the threshold level of purchases required to make a claim for direct monetary compensation, consumers not eligible for direct monetary compensation will be indirectly compensated through a distribution of 10% of the available settlement funds to the following national non-profit organizations: Consumers Association of Canada; Public Interest Advocacy Centre; Phelps Centre for the Study of Government and Business (University of British Columbia); Centre for Interuniversity Research and Analysis of Organizations; and Rotman Institute for International Business (University of Toronto). The monies received by these organizations will be used to fund programs and initiatives across Canada related to competition in the Canadian marketplace and consumer education and advocacy. The remaining 90% will be allocated for direct payment to consumers and commercial purchasers whose claims are approved. Payments to eligible claimants will be made based on the estimated percentage of the purchase price affected by the alleged overcharge, and not based on the full price of the product.
The deadline for filing a claim to receive direct compensation is December 15, 2013. Persons who believe they might qualify for direct compensation can obtain more information about the settlement benefits and how to make a claim online at or by calling 1-866-432-5534. Claims that are not made within the deadline will not be eligible for compensation.
Persons in British Columbia are represented by Sharon Matthews of Camp Fiorante Matthews Mogerman (Vancouver) and Luciana Brasil of Branch MacMaster LLP (Vancouver). Individuals and partnerships and corporations with less than 50 employees in Quebec are represented by Simon Hebert of Siskinds Desmeules s.e.n.c.r.l. (Quebec City). Persons in provinces other than British Columbia and Quebec as well as partnerships and corporations in Quebec with 50 or more employees are represented by Charles Wright of Siskinds LLP (London) and Heather Rumble Peterson of Sutts, Strosberg LLP (Windsor).
Contacts:
For Persons in British Columbia:
Luciana Brasil
Branch MacMaster LLP
1410-777 Hornby Street
Vancouver, BC V6Z 1S4
604.654.2966 /
Sharon D. Matthews
Camp Fiorante Matthews Mogerman
#400 - 856 Homer Street
Vancouver, BC V6B 2W5
604.331.9522 /
For Persons in Québec:
Simon Hebert
Siskinds Desmeules s.e.n.c.r.l.
43, Rue Baude, Bureau 320
Québec City, QC G1R 4A2
418.694.2009 /
For Persons in the rest of Canada:
Charles Wright
Siskinds LLP
680 Waterloo Steet
London, ON N6A 3V8
1-800-461-6166 ext. 2446 /
Themen in dieser Pressemitteilung:
camp-fiorante-matthews-mogerman-and-branch-macmaster-llp-and-siskinds-desmeules-and-siskinds-llp-160
and-sutts
strosberg-llp
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2013 - 19:45 Uhr
Sprache: Deutsch
News-ID 297099
Anzahl Zeichen: 0
contact information:
Town:
LONDON, ONTARIO
Kategorie:
Legal
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"CORRECTION FROM SOURCE/Chocolate Class Action Settlements and Claims Process Approved-Chocolate Purchasers Can Make Claims for Reimbursement of Alleged Overcharge"
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