Overcast 55°
Tag:

Bankruptcy

Business
Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy
Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy Two months after exiting bankruptcy, restaurant chain Red Lobster is unveiling a revamped menu. It features these seven new items: Lobster Pappardelle Pasta Bacon Wrapped Sea Scallops Lobster Bisque Lemon Basil Mahi Simply Prepared Mahi Parmesan-Crusted Chicken Roasted Asparagus In addition, a pair of old fan-favorites that had been discontinued are back:  Popcorn Shrimp, Hush Puppies  Red Lobster is now giving guests the ability to customize their seafood favorites with the launch of "Create your Own Ultimate Feast." Customers can mix and match two premium picks such as …

SHARE

by Joe Lombardi
Business
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants Casual dining chain TGI Fridays has filed for bankruptcy several weeks after at least 12 of its restaurants suddenly closed. The company filed the Chapter 11 petition on Saturday, Nov. 2, in Texas, near its Dallas headquarters. Founded in New York City in 1965, TGI Fridays has 95 restaurants in the US, 39 of which the company owns and operates. The other 56 are independent franchises not involved in the bankruptcy petition. The company said that all those locations will remain open. According to the TGI Fridays website and other reports, the following locations are now listed as permanent…

SHARE

by Joe Lombardi
News
Stealing Deed From Dead Man Lands Bucks County Men Jail Time: USDOJ Stealing Deed From Dead Man Lands Bucks County Men Jail Time: USDOJ
Stealing Deed From Dead Man Lands Bucks County Men Jail Time: Usdoj Two Bucks County men were convicted on Friday, Sept. 20 of trying to steal a deed from a dead man and other financial crimes, authorities said. Alan Kane, 59, of Jamison, and Derrell Johnson, 42, of Bensalem, were found guilty after a trial for multiple fraud schemes, said U.S. Attorney Jacqueline C. Romero in a press statement on Monday, Sept. 23. A federal jury convicted Kane, an attorney, on two counts of bankruptcy fraud, one count of filing a false claim in a bankruptcy proceeding, and one count of making a false statement to the FBI, Romero explained. Johnson was convicted on tw…

SHARE

by Jon Craig
Business
Big Lots To Close 4 More Pennsylvania Stores Big Lots To Close 4 More Pennsylvania Stores
Big Lots To Close 4 More Pennsylvania Stores It's more bad news for discount retailer Big Lots.  The national chain previously announced plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC), but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in Pennsylvania. In an updated term sheet Big Lots filed with the SEC on Friday, Aug. 2, the company detailed that it would need to close 20 percent of its 1,392 stores — about 290 in all  Big Lots has 73 stores located in the Keystone State.  The company cited…

SHARE

by Jillian Pikora