Safeway suit is D&O claim

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.