City Lobster Files for Bankruptcy

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City Lobster & Crab Co. filed for bankruptcy and owes more than $500,000 to various creditors, including $27,000 to Jordan Lobster and Seafood in Island Park, New York, and almost $9,000 to Buckhead Beef of South Plainfield, New Jersey. Crains suggests that dwindling business lunches ate into City Lobsters profits. [Crain's via Eater]