The UK High Court leaves a supermarket chain, found guilty of price fixing by the OFT, move one step closer to trial in its action against former employees and directors in order to obtain indemnity for the penalty incurred (Safeway - Dairy products)

Background In January 2005 the Office of Fair Trading (OFT) launched an inquiry into the alleged collusion between supermarkets and dairy processors in relation to the price fixing of certain dairy products. Among the parties involved was the Safeway supermarket chain (now owned by Wm Morrison Supermarkets plc). On 6th December 2007 Safeway and the OFT entered into an early resolution agreement to speedily resolve the matter. Under this agreement, Safeway agreed to pay a penalty of nearly £16.5 million (which could be discounted by up to 35% for the co-operation with the investigation). Furthermore, as part of the terms agreed with the OFT, Safeway admitted that they had breached the Chapter 1 prohibition in the Competition Act 1998, namely the “direct or indirect fixing of purchase

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Socrates Ioannou, The UK High Court leaves a supermarket chain, found guilty of price fixing by the OFT, move one step closer to trial in its action against former employees and directors in order to obtain indemnity for the penalty incurred (Safeway - Dairy products), 15 janvier 2010, e-Competitions January 2010, Art. N° 31644

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