Red Lobster Creditors Alleged Former Owner Used Shrimp Promotion to Enrich Itself
Creditors of the bankrupt restaurant chain Red Lobster have filed a lawsuit against its former owner, Thai Union Group (TU.BK), alleging that it used the Ultimate Endless Shrimp promotion in 2023 to enrich itself at Red Lobster's expense. The suit claims this led to overpriced shrimp orders and contributed to financial losses for Red Lobster.