South Los Angeles, CA — A staple in Los Angeles for more than 40 years, Roscoe’s House of Chicken and Waffles’ parent company has filed for bankruptcy following a $3 million wrongful termination lawsuit, Ted Chen reported for NBC4 News at Noon on Tuesday.
The infamous west coast restaurant filed for bankruptcy from owing over $3 million to a former employee.
An African-American man, Daniel Beasley who is a former Roscoe’s employee, accused a manager of discriminating against the African-American employees. He believes he was fired for bringing the issue to human resources, which lead him into suing the company.
So what does that mean for the popularized west coast chain restaurant? Roscoe’s, owned by East Coast Foods Inc, filed for Chapter 11 citing about $50 million in debt, with $50,000 worth of assets. Companies often file for Chapter 11 bankruptcy, basically, they are doing what 50 Cent did; filing in order to restructure their debts.
The chicken and waffle house has long been a popular place to eat for celebrities like Snoop Dogg, even received a visited by President Barack Obama in 2012.
TMZ caught up with the Dogg Father and informed him that the beloved soul-food institution was in peril of going out of business, Snoop, after expressing initial shock, immediately offered up a solution: he’d buy it. “I’m guess I’m gonna have to buy it and name it Snoop Dogg’s Chicken N’ Waffles, they pay too much, let me go on and get it.”
All 7 of the Cali locations (six in Los Angeles County and one in Orange County) will remain open. They are NOT going out of business. Black people love chicken too much to let that happen.
The original Roscoe’s opened in 1975 in Long Beach.