Safeways sues former bosses to get money from its D&O
Supermarket Safeway has taken High Court action against former chairman, David Webster and 10 other staff to recoup a price-fixing fine of up to £16.4m, the FT reports.
Safeway is now owned by Wm Morrison. It faces the fine for allegedly conspiring with other retailers illegally to set the prices of dairy products.
Patrick Boylan, a competition expert at law firm Simmons & Simmons, said the move was aimed primarily at the insurance held by directors and staff.
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