Red Lobster Endless Shrimp Deal Led to Bankruptcy Due to Former Shareholders’ 'Bad Faith' and 'Self-Dealing' Actions, Lawsuit Claims

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 ...

Red Lobster lost millions on its endless shrimp disaster. Shareholders say it was a ‘car crash’ designed to squeeze profits

The lawsuit accuses former controlling shareholder Thai Union of orchestrating the ploy to boost its seafood business.

Red Lobster creditors sue former CEO and Thai Union over the endless shrimp deal that helped push the chain into bankruptcy

The Red Lobster Endless Shrimp lawsuit alleges Thai Union squeezed profits for itself through inflated supplier contracts ...
Yahoo

I tried Red Lobster's Endless Shrimp, which once contributed to the chain's bankruptcy. It's still an unbeatable deal.

Add Yahoo as a preferred source to see more of our stories on Google. I went back to Red Lobster to try the chain's Endless Shrimp promotion. The deal is back on the menu after being removed in 2024 ...

New lawsuit claims Red Lobster’s $20 endless shrimp deal was a deliberate 'car crash' scheme

A creditor-owned trust has sued Thai Union, alleging that the majority owner intentionally pushed Red Lobster into bankruptcy.

Did Red Lobster purposefully doom itself with the infamous Endless Shrimp deal?

A new lawsuit alleges that former majority stakeholder Thai Union Group 'milked whatever value it could from Red Lobster, ...

Red Lobster’s endless shrimp deal was a ‘car crash,’ lawsuit says

Red Lobster’s endless shrimp deal that doomed chain was a ‘car crash’ waiting to happen: lawsuit - New lawsuit claims Red Lobster’s former majority shareholder signed contracts that made ‘no economic ...

Red Lobster's Ultimate Endless Shrimp promotion is described as a 'car crash' for the company, lawsuit says

"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said ...
Entrepreneur

Red Lobster’s Endless Shrimp Deal Is Never Coming Back Because Its New CEO Knows ‘How to Do Math’

Red Lobster’s CEO Damola Adamolekun, 35, is bringing back a beloved menu item—but it’s not endless shrimp. Last year, Red Lobster made the Endless Shrimp promotion a regular menu item—and almost ...
The Independent

Red Lobster is offering one customer endless shrimp for 25 years - here’s how to enter

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...
AOL

I tried Red Lobster's Endless Shrimp, which once contributed to the chain's bankruptcy. It's still an unbeatable deal.

I tried Red Lobster's revamped Endless Shrimp deal, which contributed to its bankruptcy. Two years later, it's still an unbeatable value.Erin McDowell/Business Insider Endless Shrimp is officially ...