Overview

• Demoulas submitted a roughly 90–100 page response and counterclaim in Delaware, asking to be reinstated and seeking no monetary damages.
• He alleges the board acted at the direction of his three sisters, who hold about 60–61% of the company, and that a Quinn Emanuel probe and work-stoppage claims were a sham.
• The board’s earlier complaint accused him of exercising unfettered discretion, ignoring oversight, and preparing for a disruptive walkout, and it seeks court confirmation of his firing.
• Market Basket’s board rejected his assertions as personal attacks, said the company has performed well since his removal, and defended its oversight efforts.
• CFO Donald T. Mulligan remains interim CEO as the leadership dispute proceeds to a mid-December Delaware Court of Chancery trial.