Red Lobster creditors sue former owner Thai Union over endless shrimp promotion

The lawsuit, filed in Florida on behalf of creditors owed about $295 million, alleges Thai Union used the promotion to extract value from the chain

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Red Lobster creditors have filed suit against former controlling shareholder Thai Union Group, alleging the Bangkok-based seafood company used the chain's $20 all-you-can-eat shrimp promotion to funnel money to itself at Red Lobster's expense, according to Bloomberg.

The suit, filed last month in an Orange County, Florida court by a trust representing unsecured creditors owed about $295 million at the time of Red Lobster's 2024 bankruptcy filing, demands a jury trial to determine monetary damages. It also seeks to unwind $32 million in transactions the trust claims Thai Union and related entities compelled Red Lobster to enter into........

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