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The Boston Globe

Business

Judge OK’s $300m Market Basket payout to shareholders

A Suffolk Superior Court judge has allowed Market Basket to proceed with a $300 million distribution to shareholders over the objections of the supermarket chain’s embattled president.

The ruling is a setback for Arthur T. Demoulas, who has been locked in long-running legal fight with family members over the management of the Massachusetts-based chain. All nine of its shareholders are members of the Demoulas family.

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