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Stalking Horse Fight Heats Up In Joe's Crab Shack Ch. 11

Law360, New York (June 23, 2017, 8:37 PM EDT) -- The bankrupt parent company of Joe's Crab Shack traded barbs Friday with hospitality giant Landry's Inc. over the debtors’ choice to stick with a $50 million stalking horse bid from another competitor instead of accepting a $55 million offer from Landry’s ahead of a proposed Chapter 11 auction.

In a set of Texas bankruptcy court filings, Ignite Restaurant Group Inc. and Landry’s, the former owner of Joe’s Crab Shack, traded tales about the negotiations that took place between them in the weeks leading up to Ignite’s...
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