Red Lobster closing 23 more restaurants across US amid bankruptcy

Red Lobster is shuttering another 23 locations across several states as the restaurant chain continues its reorganization through its ongoing Chapter 11 bankruptcy.

The seafood chain announced in a recent filing it plans to cancel the leases and abandon ship at nearly two dozen properties by the end of this week, after determining that keeping them open would "continue to drive losses" for the company. ---More...