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Red Lobster Hits Ch. 11 Reeling From Endless Shrimp Deals

By Rick Archer · May 20, 2024, 10:54 AM EDT

The Red Lobster seafood restaurant chain has filed for Chapter 11 protection in a Florida bankruptcy court with $294 million in debt and sale plans, saying its problems included its equity...

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Bankruptcy Scorecard

Summary

The Red Lobster seafood restaurant chain filed for Chapter 11 protection in a Florida bankruptcy court with $294 million in debt and sale plans, saying its problems included its equity owner and shrimp supplier possibly pushing it into a disastrous all-you-can-eat shrimp offer.

Case Number

6:24-bk-02486

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Middle District of Florida

Capital Structure

Total Liabilities:

$294 million in debt

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Documents

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Case Information

Case Title

Lowe v. Red Lobster Hospitality LLC et al

Case Number

6:24-cv-00928

Court

Florida Middle

Nature of Suit

Labor: Other

Date Filed

May 17, 2024

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