Red Lobster's Ultimate Endless Shrimp promotion described as a 'car crash for the company, lawsuit says
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Restaurant chain Red Lobster's "Everyday $20 Ultimate Endless Shrimp" offering was described as a "car crash" as creditors of the chain sued former controlling shareholder Thai Union. In a suit filed in Orange County, Fla., in May, the creditors said that Thai Union — a seafood producer with shares traded on Thailand's stock exchange — knew in 2023 that the chain was facing significant financial headwinds and risked insolvency. The suit, filed by a trust on behalf of the Red Lobster creditors,
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