Summary:
The case involves a class action proceeding filed by Irene Breckon and Gregory Sills against Cermaq Canada Ltd. and other defendants related to the alleged price-fixing of farmed Atlantic salmon. The plaintiffs allege that the defendants conspired to fix prices in violation of the Competition Act. The case outlines the settlement proceedings and judicial decisions regarding the approval of a settlement agreement and associated legal fees.

Key Points:

• Settlement Agreement: The court approved a $5.25 million settlement, to be distributed among qualifying class members who made significant purchases of farmed Atlantic salmon during the class period. The settlement includes a cy-près payment of $250,000 to Food Banks Canada.
• Class Counsel Fees: The court partially approved the class counsel fees while denying approval for litigation funding agreement (LAA) fees and honoraria for the representative plaintiffs.
• Legal Proceedings: The class action follows investigations by the European Commission and U.S. Department of Justice into potential anti-competitive behavior among the defendants.
• Outcome: The court found the settlement to be in the best interests of the class, noting the complexities and potential duration of further litigation. The settlement was approved, but the requests for LAA and honoraria were not.