Red Lobster lawsuit weighs on Thai Union with $295 million risk
Red Lobster’s bankruptcy is now weighing directly on Thai Union Group Pcl shares. The trust at the center of the case holds creditor claims of about $295 million—around 9.85 billion baht at Friday’s exchange, close to 20% of Thai Union’s equity, calculated from a 49 billion baht market cap, SET price, and Google Finance’s 4.26 billion shares count.