BUSINESS

Ontario Gas Price Fixing: Class-Action Lawsuit Targets Canadian Tire, Mr. Gas, Pioneer

04/10/2012 05:22 EDT | Updated 04/10/2012 05:25 EDT
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LONDON, Ont. -- A class-action lawsuit is seeking millions in damages for the alleged victims of a gas price-fixing scheme five years ago in eastern Ontario.

The suit stems from a Competition Bureau case that saw Canadian Tire (TSX:CTC) and others plead guilty last month to colluding to fix the price of gas sold in Kingston and Brockville.

In a notice of action filed with the court, Law firm Siskinds says it wants the pump operators to refund any profits from the scheme to consumers.

Competition Bureau investigators found that gas retailers, or their representatives, phoned each other and agreed on the price they would charge.

Pioneer Energy LP, Canadian Tire Corp., and Mr. Gas Ltd. pleaded guilty to price fixing between May and November 2007 and were fined a total of more than $2 million.

However, Siskinds it will continue to investigate and could amend the suit to expand the scope of the allegations to other gas stations, or for a longer period of time.

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