Red Lobster Abruptly Closes Dozens of Locations Across the U.S.

Red Lobster quietly closed dozens of locations of the popular seafood chain restaurant across the Untied States on Monday, May 13, amid the chain's ongoing financial woes. And the company is likewise auctioning off equipment from the shuttered restaurants.

The news comes just a month after a report broke that Red Lobster was considering filing for Chapter 11 bankruptcy in an effort to restructure mounting debts. In addition to increased labor and operating costs, the chain also took a hit...