The Red Lobster Endless Shrimp lawsuit alleges Thai Union squeezed profits for itself through inflated supplier contracts while internal staff objected to making the $20 deal permanent.
By Odafe Oghen
Two years after Red Lobster declared bankruptcy, its creditors are taking former CEO Paul Kenny, other ex-executives, and former majority owner Thai Union Group to court over the decisions they say drove the seafood chain into Chapter 11.
The Red Lobster Endless Shrimp lawsuit was filed in May by the chain’s creditors’ trust and accuses Thai Union of prioritizing its own financial interests while the company headed toward bankruptcy.
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