Bennigan's Restaurants May Stick Around After All

Law360, New York (August 8, 2008, 12:00 AM EDT) -- Franchisees using the name of bankrupt restaurant chain Bennigan's Grill and Tavern or related chain Steak & Ale are looking to buy some of the restaurants that just closed, according to the chain's financial restructuring firm.

The parent of Bennigan's and Steak & Ale shuttered more than 150 company-owned restaurants when it filed for Chapter 7 late last month. However, the 138 independently operated Bennigan's restaurants remained open and were not necessarily affected by the bankruptcy.

Bennigan's Franchising Co. LP, a franchisee group, also did not...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.