Arthur T. Demoulas demands his job back in court battle with Market Basket board

In a legal move in Delaware, Arthur T. Demoulas, the recently ousted CEO of Market Basket, has filed a countersuit against the company's Board of Directors, requesting to be reinstated to his previous position. This countersuit, which is nearly 100 pages long, comes in response to allegations made against him by the board when they announced his termination. The board's accusations included claims that Demoulas acted unilaterally and neglected to share critical financial information, as well as charges of dictatorial leadership and plans to incite a work stoppage. In his countersuit, Demoulas refutes these claims and portrays the board members, particularly his three sisters who hold a majority stake in the company, as motivated by greed and personal gain rather than the company's welfare. He argues that they manipulated the board by appointing loyalists to enforce their agenda and diminish his family's influence within the company. Notably, this situation has sparked a long-standing family feud over control of Market Basket, a successful retail chain with 90 locations across Massachusetts, Rhode Island, New Hampshire, and Maine. The ongoing disputes have a history dating back several years, culminating in the event where Demoulas and his sisters purchased the business for $1.6 billion following a previous firing that led to a consumer boycott. The Board of Directors has responded to the countersuit, asserting that since Demoulas’s firing, the company has continued to thrive and describing his accusations as baseless personal attacks. The board firmly maintains its commitment to maintaining the company's values and quality. As the dispute progresses, a trial date is set for mid-December, potentially determining the future leadership and direction of Market Basket amidst these internal conflicts.