The regulators were looking to institute a new rule that fishermen need to abide by a larger minimum size for the lobsters they trap ... Fishesries Management Plan for Lobster.

The chain will receive significant new funding to support its revitalization plan and enhance the customer experience. The Red Lobster restaurant chain exited bankruptcy last September ...

When the chain exited bankruptcy, Red Lobster was acquired by RL Investor Holdings, which included a plan to invest $60 million into the chain, the Associated Press reported at the time.

More than $60 million in new financial backing has allowed the company to develop a long-term plan, said Adamolekun. He hopes it will reinvigorate Red Lobster while keeping its foothold as a ...