Christine Blank, a veteran freelance writer and editor, covers all aspects of the seafood industry, from fishing to processing to selling and serving the final product. When she is not writing for SeafoodSource, Christine gets to taste scrumptious seafood dishes at U.S. restaurants for her food and travel blog, Flavorful Excursions (www.flavorfulexcursions.net). Christine loves to eat seafood of any kind, but lobster, crab and crawfish are among her favorites. In addition to SeafoodSource.com and SeaFood Business, Christine’s articles have been published in hundreds of leading magazines and newspapers, such as The New York Times, USA Today and Associated Press.
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New York City, New York, U.S.A.-based data firm Debtwire believes bankrupt restaurant chain Red Lobster, which filed for Chapter 11 bankruptcy in May, has several legal avenues it can explore to pursue litigation against former minority owner Thai Union.
In his firm's bankruptcy filings, CEO Jonathan Tibus said Red Lobster is investigating the impact of the undue control Thai Union exerted through proxies including former CEO Paul Kenny
… Read MoreA class-action complaint against Conagra claims the manufacturer of Van de Kamp and Mrs. Paul’s frozen fish products artificially adds weight to fish via overglazing.
Filed in the U.S. District Court for the Northern District of Illinois in Chicago on 11 June, the complaint estimates total claims, if awarded, will likely exceed USD 5 million (EUR 4.6 million).
The complaint, brought by two consumers who have purchased Mrs. Paul’s and
… Read MoreRed Lobster and Rubio’s Restaurants filing for bankruptcy, higher menu prices, and lower foot traffic have created a challenging environment for many U.S. restaurant operators, yet major foodservice distributors continue to grow their sales.
Rosemont, Illinois, U.S.A.-headquartered US Foods reported a 4.8 percent year-over-year net sales hike in Q1 2024, amounting to USD 8.9 billion (EUR 8.2 billion). Its gross profit increased 4.8 percent
… Read MoreAround 90 unsecured creditors that are owed more than CAD 1.9 million (USD 1.4 million, EUR 1.3 million) in Toppits Foods’ bankruptcy filing may not ever receive the funds, it was revealed at the first hearing of creditors on 31 May.
The Brampton, Ontario, Canada-based seafood supplier and value-added processor declared bankruptcy on 14 May and lists CAD 6 million (USD 4.4 million, EUR 4 million) in assets, according to the Office of the
… Read MoreRed Lobster has been authorized to pay millions of dollars to vendors, a judge overseeing the restaurant chain’s bankruptcy petition ruled.
Additionally, the Orlando, Florida, U.S.A.-based operator of around 550 restaurants may close more than 100 additional restaurants if it’s unable to renegotiate leases, according to bankruptcy documents.
U.S. Bankruptcy Judge Grace A. Robson is permitting Red Lobster to pay up to USD 49.8
… Read More