Asda Levies Tax Charges Against Loblaw Executive

TORONTO -- Allan Leighton, the recently named deputy chairman of Loblaw Cos. here, is being sued by his former employer -- Wal-Mart's Asda chain in the United Kingdom -- over tax benefits on stock options exercised during Leighton's reign as chief executive officer there, reports said yesterday.

TORONTO -- Allan Leighton, the recently named deputy chairman of Loblaw Cos. here, is being sued by his former employer -- Wal-Mart‘s Asda chain in the United Kingdom -- over tax benefits on stock options exercised during Leighton‘s reign as chief executive officer there, reports said yesterday. Asda is trying to recover about $1.1 million it claims to have mistakenly paid in taxes on Leighton‘s share options when he left the company in 2000. In a statement to the British pre

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