The rise and fall of Red Lobster, which just filed for bankruptcy after a failed endless shrimp promotion

• Red Lobster has filed for Chapter 11 bankruptcy, according to a statement released Sunday.
• The seafood chain's troubles include failed all-you-can-eat snow crab and shrimp promotions.
• Despite its current status, Red Lobster was once a pioneer in the casual-dining industry.

Red Lobster has filed for bankruptcy after years of financial and executive-level turmoil.