Business

LifeLabs customers can now apply for up to $150 in compensation for data breach

Published

11 months ago

December 15, 2023

Canadian residents whose personal data was compromised in a 2019 LifeLabs data breach can now apply for up to $150 in compensation from a multi-million dollar class action settlement approved in October.

The private medical diagnostics company and its subsidiaries were the target of a cyberattack on Dec. 17, 2019 that compromised patient data for around 15 million customers, mostly in British Columbia and Ontario. Hackers accessed personal information, including health numbers and test results, according to the claim.

LifeLabs has denied claims of negligence brought in the class action lawsuit. The company will now pay at least $4.9 million in the negotiated settlement — and up to $9.8 million — depending on the number of claims made.

Anyone who was a LifeLabs customer on or before Dec. 17, 2019 and who lives in Canada as of Oct. 25, 2023 can now file a claim online through the class action’s website. Applicants will be asked for their full name, address, personal health number, phone number and an email address that can receive Interac e-transfers.

Claimants will be eligible for $50 to $150 in compensation, “from which will be deducted court-approved legal fees, disbursements and taxes,” according to a statement from class administrator KPMG.

All claims must be received electronically before 5 p.m. PST on April 6, 2024. Payments will be made after that deadline, once claims have been certified, says the settlement website.

In 2020, a joint investigation by B.C. and Ontario’s privacy watchdogs found LifeLabs had “failed to protect customers’ personal information” in the 2019 breach.

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Business

Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

5 hours ago

November 6, 2024

Anne Joseph

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

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Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

1 day ago

November 5, 2024

Anne Joseph

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

1 day ago

November 5, 2024

Anne Joseph

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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