After weeks of bad news for Treadsack Restaurants, the hits just keep on coming. Now, the embattled restaurant group is being sued by yet another investor.
Cliffe E. Laborde III, the father of former Bernadine’s chef Graham Laborde, has filed suit against Treadsack for $191,000, reports the Houston Press. The suit alleges that Treadsack owners Chris Cusack and Joey Treadway’s company Mothership Ventures, which operated now-shuttered restaurants Bernadine’s and Hunky Dory, have failed to pay back Laborde in a timely fashion.
According to the suit, Mothership Ventures paid their bill to LaBorde inconsistently, and have only paid $8,559 to date. This isn’t the only unpaid debt on Treadsack’s tab, either — a March lawsuit filed by investor Richard Rothfelder accuses the company of owing $60,000 that he invested in Treadsack back in 2014. Around the same time, Mothership Ventures filed for bankruptcy.
Ever nonchalant Treadsack partner told the Press that there is “no ill will” between his company and the Laborde family. “This is a business matter and we respect their need to do their due diligence,” said Cusack. We believe that we'll resolve this amicably and we wish them the best."
Despite all this financial and legal drama, Treadsack continues to operate Down House, D&T Drive-Inn, and Johnny’s Gold Brick. Eater has reached out to Cusack for more details on whether or not the suits will impact Treadsack’s currently open establishments. Stay tuned.
UPDATE, 9:30 a.m.: Treadsack owner Chris Cusack refused to speak with Eater by phone, but did send an email statement. “The companies are all separate and are not owned by any single controlling entity,” Cusack wrote. “The lawsuit with the Laborde Family company is with Joey and I as individuals.” As such, Treadsack “has no plans to close” its remaining restaurants.
CORRECTION, 11:32 a.m.: This headline has been updated to reflect that it is Chris Cusack and partner Joey Treadway, not Treadsack Restaurants, named in the lawsuit filed by the LaBorde Family Company.