Overview
- Arthur T. Demoulas took the stand on days two and three, denying he planned a work stoppage and arguing the board acted to advance his sisters’ interests.
- Board chair Jay Hachigian testified the board sought budgets, capital-approval involvement, and a succession plan and said directives set in August 2024 included not marking the 2014 anniversary.
- On cross-examination, the board’s lawyer pressed Demoulas over $15 million in employee bonuses tied to the 2014 milestone and his contacts with employees during suspension, which he acknowledged occurred via a temporary phone.
- Video depositions from sisters Caren and Glorianne said they did not direct the suspension or firing, they do not plan to sell the company, and they lamented the family rift; together the sisters hold over 60% of shares.
- The judge will issue a decision after the brief proceeding; longtime CFO Don Mulligan remains interim CEO, and no walkout occurred this year.