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Red Lobster Management LLC

  1. September 05, 2024

    Red Lobster Gets Confirmation For Ch. 11 Exit Plan

    A Florida bankruptcy judge signed off Thursday on a plan for seafood restaurant chain Red Lobster to exit bankruptcy just under four months after filing for Chapter 11 protection.

  2. September 03, 2024

    Steward Gets Hospital Deal; Pause Urged For Judge Shop Ban

    Steward Health Care reached a tentative deal to keep most of its hospitals operating, Jackson Walker LLP and the U.S. Trustee's Office traded blows at a hearing over deposition disputes, and a group of asbestos claimants urged the Fourth Circuit to toss Bestwall's bankruptcy, alleging the Georgia-Pacific unit isn't actually facing financial distress.

  3. August 29, 2024

    US Trustee Objects To Red Lobster's Ch. 11 Plan Over Fees

    The U.S. trustee has filed an objection to the Chapter 11 plan of seafood restaurant chain Red Lobster, saying it cannot be confirmed because it proposes that postconfirmation entities be exempt from payment of U.S. trustee fees.

  4. August 29, 2024

    Bankruptcy Judge Allows Red Lobster To Reject 23 Leases

    Troubled seafood chain Red Lobster gained a Florida bankruptcy judge's approval for its proposal to reject leases of an additional 23 restaurant locations slated to close at the end of the month.

  5. July 29, 2024

    J&J Ch. 11 Tossed, Steward Gets Subpoena, Zachry Settles

    The Third Circuit threw out Johnson & Johnson's second attempt to use bankruptcy to deal with mass talc litigation, Red Lobster won court approval to solicit votes on its Chapter 11 plan, and a Senate committee voted to approve an investigation into bankrupt Steward Health Care and subpoena its chief executive officer. This is the week in bankruptcy.

  6. July 26, 2024

    Judge Requires 'Opt In' Releases For Red Lobster Ch. 11

    A Florida bankruptcy judge said on Friday that she will conditionally approve disclosures for Red Lobster's reorganization plan after the seafood chain agreed to add "opt in" procedures that some creditors can use to release third parties from liability under its Chapter 11 plan.

  7. July 18, 2024

    Red Lobster Angles To Keep More Than 100 Leases In Ch. 11

    Red Lobster's well-known Times Square location in New York City is off the chopping block of potential closures, for now, along with 112 other outposts of the casual dining seafood chain, after the troubled company said during a bankruptcy court hearing Thursday it is negotiating new agreements with landlords.

  8. July 15, 2024

    Red Lobster Wrangles Shrimp Supplier While Seeking Buyer

    Red Lobster is facing a mountain of objections to the cure amounts it proposed paying landlords and vendors, including its key shrimp supplier, which says it wants to ensure that its agreement is embraced by whoever ends up buying the casual dining seafood chain.

  9. June 14, 2024

    Red Lobster Hooks Global Ch. 11 Deal On DIP Compromise

    Red Lobster said Friday it reached a global deal with creditors, lenders and landlords that clears the way for a consensual Chapter 11 reorganization, after resolving disputes over a bankruptcy financing package provided by the private equity firm that could end up owning the restaurant chain.

  10. June 13, 2024

    Red Lobster Creditors Attack DIP Lender's 'Land Grab'

    Red Lobster's Chapter 11 case is becoming contentious as creditors face off against the restaurant chain's key lender Fortress Credit Corp., challenging its ability to credit bid for the company and its liens on hundreds of restaurant locations and claiming its bankruptcy financing deal is a "massive and inappropriate 'land grab.'"

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