INDIANAPOLIS — A jury ordered Don Marsh to pay $2.2 million to Marsh Supermarkets, finding that the company’s former chief executive officer improperly used company funds for personal expenses, according to reports.
The payment includes $1.4 million in unauthorized expenses and another $800,000 for expenses related to an Internal Revenue Service audit, the Indianapolis Business Journal reported.
Don Marsh left the company, which had been publicly traded at the time of the improper spending, after it was acquired by private equity investor Sun Capital Partners in 2006. Sun Capital then sued him in 2009, saying the IRS audit had disclosed the former CEO’s expenses, which included extensive travel and gifts.
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