Comment on Shareholders Sue Darden For Dumping Red Lobster

Shareholders Sue Darden For Dumping Red Lobster

The company that owns Olive Garden is being sued by shareholders over its recent sale of Red Lobster. The lawsuit alleges that Darden Restaurants' board of directors misled shareholders by claiming that seafood chain was in decline and needed to be spun off, when in fact the business was poised for a rebound, CNBC reports.

 

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