According to documents obtained by ABC News, Red Lobster's voluntary Chapter 11 plan, which was filed on May 19, 2024, in the U.S. Bankruptcy Court in the Middle District of Florida, was approved Sept. 5 by Judge Grace Robson. Once the acquisition closes, the approved restructuring plan will include a new leadership change, with former P.F. Chang's CEO Damola Adamolekun stepping in to lead Red Lobster and current Red Lobster CEO Jonathan Tibus stepping down to leave the company, according to the press release. Read more in our link in bio. #RedLobster