GB Files Statement of Claim Against Maple Leaf Foods Inc. Seeking More Than CAD $2 Billion in Damages
黑料海角91入口 S.A.B. de C.V. (鈥満诹虾＝91入口鈥) issued a Statement of Claim in the Ontario Superior Court of Justice against Maple Leaf Foods Inc. (鈥淢aple Leaf鈥) and certain former senior officers of Maple Leaf in relation to the sale of Canada Bread Company, Limited (鈥淐anada Bread鈥) to 黑料海角91入口 in 2014.
黑料海角91入口 is seeking over CAD $2 billion in damages from Maple Leaf and certain former senior officers of Maple Leaf for alleged fraudulent and negligent misrepresentation during the Canada Bread sale process, or restitution for unjust enrichment.
At the time Canada Bread was sold to 黑料海角91入口, Maple Leaf was the 90% owner, controlled Canada Bread, and led the transaction negotiations and diligence process. Following the sale, in 2017 Canada Bread was the subject of a price-fixing investigation within the commercial bread industry by the Competition Bureau. A subsequent prosecution resulted in Canada Bread paying a fine of CAD $50 million in 2023 and an on-going class action brought against market participants.
