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Kona Grill

Financing

Kona Grill files for bankruptcy protection

The company closed an additional 15 locations and is up for sale, blaming overly aggressive growth, cost cuts and a stock buyback for its poor finances.

Operations

Kona Grill's Nasdaq listing is suspended

The casual-dining chain recently said it might be forced to file for Chapter 11 bankruptcy protection due to mounting debt and declining sales.

Nasdaq tells the struggling chain to pay its listing fees or be removed from trading Thursday morning.

Lawsuits between the chain and former Chief Executive Jim Kuhn paint a picture of a company that grew too fast, then cut too many costs to survive, says RB’s The Bottom Line.

The struggling casual-dining chain appointed a restructuring specialist as CEO and said a bankruptcy filing is possible.

Christi Hing, the struggling chain’s current CFO, was named "principal executive officer" of the struggling chain.

Jundt is leaving the company as the board brings on a new member to explore a possible sale.

The Asian-fusion chain’s newly reappointed CEO and founder hopes his turnaround plan will reverse plummeting sales.

Overly aggressive unit growth proved to be the company's undoing, says RB's The Bottom Line.

Steve Schussler, who had been co-CEO, resigned to focus on his existing restaurants.

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