Red Lobster restructuring plan could lead to litigation against Thai Union

The bankruptcy plan includes the creation of a creditor trust that could be used to pursue litigation against Thai Union.

The purchase of the chain by an investment group ultimately will benefit creditors and Red Lobster, attorney says.
The purchase of the chain by an investment group ultimately will benefit creditors and Red Lobster, attorney says.Photo: Editorial credit: melissamn / Shutterstock.com
Published 31 July 2024, 13:02Updated 31 July 2024, 13:02
Red LobsterLawsuitsFoodserviceThai UnionJonathan Tibus