A new lawsuit claims Red Lobster’s “disastrous” endless shrimp deal was a “car crash” that left restaurants across the U.S. “immobilized.”
Red Lobster’s creditors have filed a lawsuit in Orange County, Florida, against Thai Union, the seafood chain’s former majority shareholder, and other executives. The complaint, which was first reported by Bloomberg, alleged the Thailand-based company worked to “squeeze out every drop of value” from Red Lobster through contracts that made “no economic sense” for the chain.
