Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection case

A lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.

Red Lobster Canada, Inc. is incorporated in Delaware but runs 27 restaurants in Canada and is listed as a "related debtor" in the U.S. bankruptcy protection proceedings. But it shuttered dozens of locations in the U.S. this month as it grappled with rising costs and more competition across the restaurant industry.Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

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Seafood chain Red Lobster will ask provincial court to enforce U.S. bankruptcy in CanadaDays after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain's Canadian counterpart will ask a provincial court to enforce the U.S. bankruptcy in Canada, CBC News has learned.
Source: CBCNews - 🏆 2. / 99 Read more »

Seafood chain Red Lobster will ask provincial court to enforce U.S. bankruptcy in CanadaDays after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain's Canadian counterpart ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »