2 Days
Source:
Los Angeles Times
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Lawsuit claims endless shrimp deal was scheme to squeeze Red Lobster
A lawsuit alleges that Thai Union Group’s management decisions contributed to Red Lobster’s bankruptcy by forcing the chain to purchase shrimp at above-market rates and prioritizing a low-priced, permanent “endless shrimp” promotion. The promotion resulted in significant financial losses and shifted customer spending away from higher-margin items. The suit seeks compensation for creditors harmed by the alleged self-dealing and exploitation, which played a role in the chain’s financial decline and eventual bankruptcy.
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