I haven’t read much recapping the sinister history of the DeMoulas family feud involving hundreds of millions of dollars and more in Market Basket stock.
Arthur T. DeMoulas is seeking to get his job back after his cousin Arthur S. DeMoulas recently gained control of the board and had him removed.
Arthur T.’s father, Telemachus, and Arthur S.’s father either built the business themselves or turned their father’s small market in Lowell into a multi-million dollar chain. The two brothers each had 50% interest in the business.
Then one day Arthur S’s father died. This was years ago. 1970′s perhaps 60′s. A tragic event for the entire clan. He had a young family. The whole thing. Telemachus made sure his brother’s family was taken care of. After all, this was family.
But guess what? Remember the 50% interest Arthur S. father had? Well Telemachus and his brood didn’t see it that way. Hey, WTF, the guy wasn’t showing up for work, you expect him to get paid?
Now cut to the late 1980s and Arthur S. and his siblings are adults and educated and one day say, “Hey, what the hey?” Telemachus and his son Arthur T. said, “Hey, what the hey nothing. My side of the family gave you and your mother money and lots of it when we didn’t have to so you’re getting Jack shit. if you don’t like it sue us.”
And that’s what they did. The law suit lasted years with Arthur T.’s side ultimately getting slapped and slapped hard. The amount of money they owed Arthur S.’s side was astronomical. Plus the court ruled Arthur S.s. side owned 50% of the stock.
Arthur T (the guy who wants his job back) hired some of the usual suspects in the high powered lawyer game in Boston. One was Gary Crossen, a former assistant U.S. attorney and a star at a major law firm. Another was Richard K. Donahue of Lowell. He was a big Jack Kennedy guy and the former President and CEO of NIKE. You heard me right NIKE<
Now I don’t know how much they were paid, what incentives were offered, or if Arthur T. Demoulas gave them a slush fund for dirty tricks. But each of these fine gentlemen got disbarred for what they did trying to win this case. They were very lucky they weren’t indicted.
If you recall, Judge Maria Lopez was assigned to this case in Middlesex Superior Court. Arthur T.’s side, represented by Crossen and Donahue, believed she was bias against them so they duped her young and naive clerk into believing there was a job opportunity for him. A big one. They flew him to Halifax, Nova Scotia where they gave him a faux interview then wined and dined him.
Then they turned on the secret tape recorder (that’s why they flew him to Halifax, no state wiretapping laws broken) and started pumping him for info on Lopez. He agreed with a few things and said a few things, nothing big, but enough for Crossen and Donahue to come back to him later and blackmail him if he didn’t sign an affidavit helpful in getting Lopez removed.
At this point the young clerk was smart enough to get a lawyer and bring this to the FBI.
Why would the lawyers do that for Arthur T.? Their outstanding careers and reputations were ruined.
Let me tell you a criminal lawyer trade situation. A drug dealer charged with trafficking cocaine and facing serious time. He goes to a lawyer for representation. The lawyer says his usual fee is $25,000 for something like that The drug dealer says, “no, I’m going to pay you $75,000. in cash and here it is. Will you represent me?”
What the drug dealer is saying, “If you represent me you better win or else. I’m given you more than enough money for you to spread around and keep for yourself. Just make sure I walk. I don’t handle customer service problems well. Remember that.”
The honest lawyer doesn’t take the case.
Now we have Arthur T. successfully throwing huge sums of money around resulting in lazy media types and communistic objections from pandering politicians carrying Arthur T.’s water.
How many people lost their job today because of Arthur T. ? But then perhaps he budgeted for this and is taking care of them if you know what I mean?
Anyway, let this movie be another example of the incestuous lazy Boston media that is more than willing to parrot what anyone on the list of insiders tells them. Like Larry Rasky.
Arthur T. DeMoulas is channeling P.T. Barnum and using media and the most obtuse politicians to fool people into believing he’s the most wonderful person ever and because of it his cousin Arthur S. doesn’t deserve the legal rights, privileges, and protections, every other property owner (stock in a close corporation) in this country receives. A sucker born every day. (And most end up working in Boston media)