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Ex-Grocery Chain CEO Loses Fight With Sisters Over Ouster

Legal & LitigationManagement & GovernanceCompany Fundamentals

A judge ruled that Market Basket Inc. directors did not act improperly when they ousted CEO Arthur T. Demoulas over concerns about his dictatorial management style. The decision resolves a key legal point in the long-running family feud over control of the New England grocery chain, but it is primarily a governance and litigation development rather than an operating update.

Analysis

A judge ruled that Market Basket Inc. directors did not act improperly when they ousted CEO Arthur T. Demoulas over concerns about his dictatorial management style. The decision resolves a key legal point in the long-running family feud over control of the New England grocery chain, but it is primarily a governance and litigation development rather than an operating update.

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