Grupo Bimbo Files Statement of Claim Against Maple Leaf Foods Inc. and Former Senior Officers and Directors Seeking More Than CAD $2 Billion in Damages

Dec 03, 2024

Grupo Bimbo S.A.B. de C.V. ("Grupo Bimbo") issued a Statement of Claim in the Ontario Superior Court of Justice against Maple Leaf Foods Inc. ("Maple Leaf") and certain senior officers and directors of the Company in relation to the sale of Canada Bread Company, Limited ("Canada Bread") to Grupo Bimbo in 2014.

Grupo Bimbo is seeking over CAD $2 billion in damages from Maple Leaf and certain senior officers and directors of the Company 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 Grupo Bimbo, 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.

Source : Newswire.ca

Video: Wisconsin Corn and Soybean Weed Management Updates and Considerations for 2026 and Beyond

Dr. Rodrigo Werle, associate professor and extension weed scientist, UW–Madison, shares the latest updates and future considerations for corn and soybean weed management in Wisconsin. This presentation covers herbicide resistance trends in waterhemp, including newly confirmed cases of HPPD and S-metolachlor resistance, and emphasizes the importance of residual herbicides and strategic tank mixes for consistent control. Rodrigo also introduces upcoming technologies like Vyconic soybeans and new herbicide products, discusses integrated weed management strategies such as planting green with cover crops, and highlights practical recommendations for 2026 and beyond.

At University of Wisconsin–Madison Division of Extension, we are working to integrate accessibility into our web, video, and audio content. If you experience accessibility barriers using our web, audio, or video content or would like to request complete captions, alternative languages, or other alternative formats, please contact us at accessibility@extension.wisc.edu. You will receive a response within 3 business days. There’s no added cost to you for these services.

The University of Wisconsin-Madison Division of Extension provides equal opportunities in employment and programming in compliance with state and federal law.