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Bankruptcy Partner Keith Patrick Banner spoke with Restaurant Dive about Red Lobster's lawsuit against its former owner.

Excerpts:

“It all depends on the circumstances of the case,” said Keith Banner, bankruptcy partner at Greenberg Glusker. “But very often when a company filed a Chapter 11 bankruptcy, they are going to explore whether the prior activities of directors and officers have contributed to the downfall of the company.”

“Bankruptcy is unique, because you have creditor entities that can bring actions on behalf of the bankruptcy estate,” Banner said. “A debtor can go after its former officers if they feel like they really made some bad decisions, but usually it’s going to be a creditor committee or a creditor trust that immediately investigates the former directors and officers and, in this case, a major shareholder of the company.”