I know it's not CT Retail that is settling the class-action suit, but I'm sure the regular readers here will be pleased with this latest Good News story:
CKWSTV.com - Giving you more Online! Canadian Tire reaches settlement in gas price fixing lawsuit Kingston News
Canadian Tire reaches settlement in gas price fixing lawsuit
CANADIAN TIRE HAS OFFERED TO MAKE A SETTLEMENT OVER ALLEGED PRICE FIXING AT THE GAS PUMPS.
CANADIAN TIRE HAS OFFERED TO MAKE A SETTLEMENT OVER ALLEGED PRICE FIXING AT THE GAS PUMPS.
THIS STEMS FROM A CLASS ACTION LAWSUIT LAUNCHED BY SEVERAL CONCERNED CITIZENS, INCLUDING BATH RESIDENT JAMES LORIMER, WHO ARE SEEKING COMPENSATION ON BEHALF OF MOTORISTS WHO WERE OVER-CHARGED.
THE CLAIMS HAVE NOT YET BEEN PROVEN IN COURT.
UNDER THE TERMS OF SETTLEMENT, CANADIAN TIRE HAS OFFERED TO PAY THE PLAINTIFFS 500-THOUSAND DOLLARS... WITHOUT ADMITTING ANY WRONGDOING OR LIABILITY.
THIS DEAL MUST STILL BE APPROVED BY A JUDGE AT A HEARING IN JANUARY.
THE LAWSUIT WAS FILED AGAINST FOUR GAS COMPANIES IN EASTERN ONTARIO, WHO ALLEGEDLY CONSPIRED TO SET THEIR PUMP PRICES BETWEEN MAY AND NOVEMBER OF 2007.
LORIMER'S LAWYER SAYS THE LAWSUIT WILL PROCEED AGAINST THE 3 REMAINING DEFENDANTS -- PIONEER, MR. GAS AND SUNOCO.