INDIANAPOLIS — The former chief executive officer of Marsh Supermarkets here has filed a countersuit against the company that he used to run, claiming he is owed $2.1 million in salary and benefit payments, according to reports.
The action follows a suit filed earlier this year by the chain against Don E. Marsh, the former CEO and the son of the company's founder, in which it accused him of fraud by diverting company funds for his personal use.
In a statement provided to the Indianapolis Business Journal, Don Marsh said the company has made "false and flagrant accusations" and has refused to honor the terms of his employment agreement.
Sun Capital Partners, Boca Raton, Fla., acquired the chain, which was publicly held but controlled by the Marsh family, for about $88 million.
In a prepared statement issued by Marsh Supermarkets' attorneys, the company said, "We are disappointed this matter has progressed to this point, as we have made every effort to resolve the issues with Mr. Marsh. This is not a personal issue toward him. However, we continue to stand by our claims."
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