BOSTON -- The president of Demoulas Supermarkets here, his son and the chain's chief financial officer have been found guilty of using the assets of the company's $100 million employee pension plan for their own personal benefit. Federal Judge Rya Zobel ruled that Telemachus A. Demoulas, his son, Arthur T. Demoulas, and Harold Sullivan, the chain's chief financial officer, had abused their positions as trustees of the company's pension plan by operating the plan, the supermarkets and their ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.