Following the abrupt closing of the Nanuet Red Lobster and others in the area last week, seemingly without warning, the company has filed for bankruptcy. The Associated Press says the filing came on Sunday. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says their all-you-can-eat shrimp deals aren’t the only problems the casual dining chain had…
Red Lobster said some of its 600 restaurants, aside form the ones that already closed, would continue to operate through the bankruptcy proceedings.