TGI Friday's Inc.

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Case overview

Case Number:

8:24-bk-80069

Court:

Texas Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

May 02, 2025
Under The Radar: Bankruptcy News You May Have Missed

Conspiracy theorist Alex Jones asked a Texas bankruptcy court to restart the auction for his Infowars assets. Restaurant chain TGI Fridays requested additional time to file its Chapter 11 plan without any competing proposals. And the state of Ohio objected to a motion from U.S. Gypsum to reopen its Chapter 11 case nearly 20 years after its plan was confirmed.
February 10, 2025
Jones' Ch. 7 Deal Sunk, Yellow Scores Partial Pension Win

A Texas bankruptcy judge has rejected a Chapter 7 trustee's proposal to settle $1.5 billion in Sandy Hook claims against Alex Jones, Yellow Corp. won a partial victory in a $540 million pension dispute after a Delaware judge ruled liabilities were overstated, and the Eleventh Circuit barred a mortgage servicer from charging unauthorized "pay to pay" fees. This is the week in bankruptcy.
February 03, 2025
Under The Radar: Bankruptcy News You May Have Missed

A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.
January 31, 2025
Judge Approves TGI Fridays To Sell 17 More Restaurants

A Texas bankruptcy judge on Friday approved TGI Fridays' sale of 17 restaurant locations for more than $3 million after the casual-dining chain resolved objections over protections for its landlords.
January 06, 2025
Giuliani's Held In Contempt, Terraform Founder Denies Fraud

A Manhattan federal judge held Rudy Giuliani in contempt over a $148 million defamation judgment, after the former New York City mayor cited memory lapses during questioning about the case. Terraform Labs founder Do Kwon was arraigned in New York and denied orchestrating a $40 billion fraud, with a follow-up hearing scheduled for Jan. 8. Celsius Network appealed a Delaware bankruptcy judge's decision to deny its amended $444.6 million claim against FTX.
January 02, 2025
TGI Fridays Gets OK For $35M Restaurant Sales

A Texas bankruptcy judge said Thursday she would allow TGI Fridays to accept a $34.5 million bid for nine of its restaurants from Mera Corp., a Mexico-based food service provider that outbid a company owned by a former TGI Fridays CEO.
January 01, 2025
Food & Beverage Cases To Watch In 2025

Food and beverage attorneys have no shortage of interesting issues to follow in 2025, from Albertsons turning on Kroger after their proposed $25 billion merger was blocked, to new state laws covering the life cycle of single-use packaging, and claims over heavy metals and "forever chemicals" contaminating food.
December 16, 2024
Restaurants Struggled In 2024 As Costs Rose, Visits Fell

Many restaurants have faced challenges this year, grappling with the lingering effects of the COVID-19 pandemic, rising inflation and difficulty passing costs onto increasingly price-sensitive patrons — pressures that are expected to persist into the next year, experts told Law360.
November 25, 2024
Alex Jones Blasts Onion Bid, FTX Tech Deputy Avoids Prison

Alex Jones and a backup bidder linked to his Chapter 7 are challenging the sale of his Infowars website to The Onion, alleging flaws in the auction process. A former FTX's tech deputy can avoid prison time for assisting the FTX fraud case by exposing programming flaws; attorneys who have represented Purdue Pharma can receive $21.2 million in fees for its work during summer. This is the week in bankruptcy.
November 21, 2024
How COVID Put TGI Fridays On The Path To Bankruptcy

After a tough five years in which TGI Fridays saw two scuttled acquisitions, a shrinking footprint and attempts to offset COVID-19 pandemic losses, the dining chain known for its peppy atmosphere, comfort food and cocktails became one of the latest restaurant groups to hit Chapter 11.

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