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

By Emily Lever · August 29, 2024, 7:14 PM EDT

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...

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Bankruptcy Scorecard

Summary

The Red Lobster seafood restaurant chain filed for Chapter 11 protection in a Florida bankruptcy court with $294 million in debt and sale plans, saying its problems included its equity owner and shrimp supplier possibly pushing it into a disastrous all-you-can-eat shrimp offer.

Case Number

6:24-bk-02486

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Middle District of Florida

Capital Structure

Total Liabilities:

$294 million in debt

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Documents

Related Sections

Case Information

Case Title

Red Lobster Management LLC

Case Number

24-2486

Court

Florida Middle

Nature of Suit

Date Filed

May 19, 2024

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