It's become a summer tradition to offer lobster for a good price, often on a night of the week when a restaurant might not ...

From high rent payments to an ill-fated Endless Shrimp promotion that resulted in over $11 million in losses, Red Lobster faced significant headwinds that ultimately led to its decline and 2024 ...

Red Lobster’s former controlling stakeholder steered the restaurant to buy more of its shrimp in order to line its own pockets, according to a lawsuit from creditors of the restaurant chain. According ...

The chain filed for bankruptcy in 2024, citing an $11 million loss from the Endless Shrimp deal. A new lawsuit says the promotion was part of a majority shareholder's self-serving dealings PATRICK T.

WASHINGTON — Red Lobster’s former controlling shareholder is facing a lawsuit that alleges the seafood chain’s unlimited shrimp promotion was part of a scheme that benefited the shareholder while ...