News Summary May 20, 2024
Today's Top Story: Everything We Know About Red Lobster’s Chapter 11 Bankruptcy Filing
Red Lobster Management confirmed on Sunday that the company has “voluntarily filed for relief under Chapter 11 of the Bankruptcy Code” in the U.S. Bankruptcy Court for the Middle District of Florida. Red Lobster CEO Jonathan Tibus commented on the filing, noting that the restructuring is the "best path forward" for the struggling seafood resturant chain...
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