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Red Lobster lost millions on its endless shrimp disaster. Shareholders say it was a ‘car crash’ designed to squeeze profits | Fortune
A lawsuit accuses former controlling shareholder Thai Union of orchestrating the alleged ploy to boost its seafood business.
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Red Lobster’s disastrous ‘Endless Shrimp’ deal was owner’s scheme to squeeze profits: lawsuit
https://nypost.com/2026/06/25/business/red-lobsters-disastrous-endless-shrimp-deal-was-owners-scheme-to-squeeze-profits-lawsuit/