The board of beloved grocery chain Market Basket is remains hopeful for “a constructive resolution” to the corporate standoff that’s roiled the company, it said Friday, revealing that a mediation session with CEO Arthur T. Demoulas has been scheduled.
A law firm has been reviewing the allegations of a planned work disruption of the supermarkets’ operations, according to Harvey J. Wolkoff, a partner at the firm, Quinn Emmanuel. Those allegations led Demoulas to be placed on leave, in what he has characterized as a hostile takeover.
Friday’s statement noted that the review is nearly done, but it won’t be released before a mediation session is held on Sept. 3, “out of deference to Mr. Demoulas.”…