Just when it seemed like the troubles at Treadsack Restaurants couldn’t get any worse, the group behind Bernadine’s, Hunky Dory, and now-shuttered Foreign Correspondents is now facing bankruptcy proceedings and a lawsuit from a pissed off investor.
The Houston Press reports that Houston attorney and Treadsack investor Richard Rothfelder has filed suit against the restaurant group, alleging that the company failed to pay him according to the investment agreement and denying him access to Treadsack’s financial records. Rothfelder invested $60,000 in the restaurant in 2014, and is seeking his initial investment with interest in the suit.
To make matters worse, Swamplot reports that Mothership Ventures, the entity behind Hunky Dory and Bernadine’s has filed for Chapter 11 bankruptcy protection. To pay its employees, Treadsack had to petition a court for permission to withdraw more than $40,000 in cash. As of now, it’s unclear whether or not the filing will impact operations at either Hunky Dory or Bernadine’s.
Eater has reached out to Treadsack’s Chris Cusack for more details on the bankruptcy filing and the lawsuit. Stay tuned.
UPDATE: Cusack responded to Eater’s request for comment and declined to make any further statement, but did indicate that operations will continue normally at Bernadine’s and Hunky Dory.
- Investor Sues Treadsack Restaurant Group for Breach of Contract [Houston Press]
- We’ve reached Chapter 11 in the Hunky Dory, Bernadine’s Story [Swamplot]
- Embezzlement, Personal Drama, & Financial Woes Might Spell The End Of Treadsack Restaurants [EHOU]
- 5 Shocking Revelations About the Downfall of Foreign Correspondents and Canard [EHOU]