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Piccadilly files for Chapter 11 bankruptcy

By Washington Examiner
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BATON ROUGE, La. (AP) — Piccadilly Restaurants, a Baton Rouge-based cafeteria chain, has filed Chapter 11 bankruptcy.

Thomas Sandeman, the company’s CEO, told The Advocate (http://bit.ly/TWGt0d ) the filing, which was made Tuesday in U.S. Bankruptcy Court in Lafayette, will protect the value of Piccadilly, along with its employees and restaurants.

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