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Judge Rules Market Basket Justified in Firing Demoulas - Food Trade News & Food World
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Judge Rules Market Basket Justified in Firing Demoulas - Food Trade News & Food World
A Delaware judge has upheld the firing of longtime Market Basket CEO Arthur T. Demoulas, ruling the company’s board acted in good faith when it removed him from the role last year. In a decision issued earlier this week, Delaware Court of Chancery Vice Chancellor J. Travis Laster found that Demoulas failed to prove claims that the board breached its fiduciary duties in suspending and later terminating him. “Arthur had the burden at trial to prov…
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