Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
Mooresville’s bid to purchase water operations likely will be decided in court.
Lawyers for Don Marsh got their first chance to go on the offensive Wednesday after Marsh Supermarkets Inc. rested its case against the company’s former CEO.
The former Marsh Supermarkets president told jurors: “Every time I used [the plane] I had a time constraint, and my time was valuable to the company.”
Any feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets Inc. quickly turned to “shock and surprise,” a managing director of the private-equity firm told jurors Tuesday.
At least twice a month during the year 2000, the pilot told jurors, he ferried Don Marsh to New York City to visit one of his mistresses. Marsh Supermarkets is suing its former CEO in an attempt to recoup more than $3 million in what it claims are personal expenses.
St. Elmo Steakhouse owner Stephen Huse testified that directors had a hard time keeping Don Marsh focused on a potential sale of the company as it teetered toward insolvency.
The former executive of Marsh Supermarkets Inc. said he became so concerned about the company’s deteriorating finances less than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
The disclosure came during the fourth day of Don Marsh’s civil trial. The locally based supermarket chain is alleging he used company funds to pay more than $3 million in personal expenses.
Don Marsh’s testimony on cross-examination Thursday morning revealed a defense strategy to convince jurors that the frequent trips the former CEO took on the company’s dime were more for business than pleasure.
With the consolidation of the Indiana Hotel & Lodging Association and the Indiana Restaurant Association are complete, longtime association leader John Livengood will stepping down
Don Marsh finally got off the hot seat Wednesday afternoon after his former company wrapped up nearly two days of questioning, but he didn't stay off the witness stand for long.
In a day on the witness stand, former Marsh Supermarkets Inc. CEO Don Marsh told jurors during his fraud trial Tuesday that he’s not proud of his extramarital affairs, but he insisted the private jet trips he took to visit his mistresses were business-related.
Company profit in the fourth quarter fell to $2.3 million, however, as it spent more to invest in sales, marketing and research and development.
The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.
The owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant’s closing late last month.
Alan Levin has been managing partner of Barnes & Thornburg LLP for 16 years, far longer than the heads of most major Indianapolis law firms. But what most sets him apart is that he’s built his firm into a national practice by taking the maverick approach of going it alone instead of merging with an out-of-state rival.
The Indianapolis-based appliance and electronics retailer said profit fell 23 percent in its fiscal third quarter as slumping demand for televisions caused same-store sales to drop.
Indiana Farm Bureau Insurance will unveil two new ads during game-day coverage Sunday as part of its successful “Stop Knocking on Wood” marketing effort.
Deborah Ecksten, a former shareholder of Indianapolis-based Createc Corp., is suing her brother and mother, claiming they earned multimillion-dollar profits at her expense by selling the company without her knowledge.
