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Market Basket Mediation Begins in Delaware at CEO Arthur T. Demoulas’s Request

The closed-door session follows a board investigation into alleged plans for a work stoppage tied to succession control.

Overview

  • Talks start today in Delaware and could run a second day, with both sides voicing hopes for a “mutually successful resolution,” according to statements.
  • Arthur T. Demoulas has been on paid leave since May after the board alleged he planned a work stoppage and asserted unilateral succession rights, which he denies as a hostile takeover.
  • Law firm Quinn Emanuel is leading the internal probe, with findings withheld pending the mediation at the company’s request.
  • Two Demoulas allies, Joe Schmidt and Tom Gordon, were fired and later ordered by a judge to stay away from company sites, while pro‑Demoulas director Bill Shea was removed as employee letters painted contrasting pictures of workplace culture.
  • Family ownership is split, with Demoulas’s three sisters controlling roughly 60% and the board and Demoulas holding about 28%, and outcomes discussed in coverage range from a time‑limited return to a leadership change if talks fail.