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(KGTV) – The company that operates Rubio’s Coastal Grill restaurants has filed for bankruptcy protection, citing the COVID-19 pandemic as one of the reasons for its decision.Reuters reported Monday that the Carlsbad-based company filed a restructuring plan that includes a plan to reduce its debt.The company confirmed in a statement that it “filed a prepackaged plan with the acceptance of its lenders, and voluntarily filed petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.”Additionally, Rubio’s said they expect “to complete its restructuring by the end of the year." The company has 47 locations in San Diego County and more than 1,000 local employees."It was COVID that got us here, a very extraordinary situation, such as that we find ourselves in this position," co-founder Ralph Rubio said in an interview. "The great news is all of our restaurants are open, everybody is still employed, we're still operating just as we were before."Marc Simon, president and CEO of Rubio’s, said: “Rubio’s entered the year in a strong financial position, which has helped the Company remain flexible in navigating the unprecedented impact of the pandemic. The agreement with our sponsor and lenders will position the Company to thrive in this constantly evolving market. This plan will strengthen our finances and allow us to continue to serve our loyal guests and drive our business forward.”Rubio added, in a company statement: “COVID-19 has had a significant impact on Rubio’s, like most businesses, and I’m proud of how we have responded to the challenge. Our investments in critical digital technologies in 2019, including online ordering, a mobile app, a new loyalty program and Rubio’s delivery, allowed us to pivot swiftly under varying state and county restrictions. We quickly launched family meal kits and shifted to takeout, curbside pickup and free delivery operations, allowing our guests to enjoy our delicious food when and where they want it. This restructuring plan creates the long-term financial stability we need to continue to serve our communities for years to come.”Despite the bankruptcy filing, company officials said all of its more than 150 locations in Arizona, California, and Nevada will continue to operate as normal. Rubio told ABC-10 that sales plummeted in the first two months of the pandemic, but have since recovered to just single-digit percentages off from last year's sales. Legal filings show Rubio's has million to 0 million in assets, but 0 million to 0 million in liabilities.The company permanently shut down 26 locations in Colorado and Florida due to “this year’s unforeseeable business circumstances.” Those locations had been temporarily closed at the onset of the pandemic.Rubio’s, known for its fish tacos, first started as a taco stand in Mission Bay in 1983. 2914
(KGTV) - Is Mars trying to cash in on the "Tide Pod Challenge" by coming out with candy "Pods?"No.Although the company does have a candy product called "Pods," it was created years before the "Tide Pod Challenge" was created.The candy "Pods" are sold in Australia. 283
(KGTV) - Does a picture show red-tinted clouds over the wildfire in Northern California?No.The picture was most likely taken from Hawaii and shows the glow of the sun illuminating the clouds.Wildfires wouldn't produce clouds that look anything like this photo. 273
(KGTV) - Was McDonald's really sued for million for charging the same for Quarter Pounders with and without cheese?Yes.Two customers claimed they suffered injury from being overcharged.A judge disagreed and threw the lawsuit out. 250
A 29-year-old man arrested after he crashed a car into security barriers outside the UK Houses of Parliament in what's being treated as a terrorist incident was identified by police Wednesday as a UK national originally from Sudan.The man has not yet been named by London's Metropolitan Police but the force said in a statement that it was "satisfied" it now knew his identity.Three people were injured when the suspect's car careened into cyclists and pedestrians during the Tuesday morning rush hour outside one of London's most iconic locations. He was arrested at the scene and is currently being detained at a south London police station. 651