Friendly's files for Ch. 11 bankruptcy protection

Friendly's restaurant is seen in Freeport, Maine on Wednesday, Oct. 5, 2011. The parent company of the Friendly's restaurant chain is filing for Chapter 11 bankruptcy protection and says it has already closed 63 of its stores. (AP Photo/Pat Wellenbach)
October 5, 2011 7:37:45 AM PDT
The parent of the Friendly's restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and said that it has already closed 63 of its stores. Each store employed about 20 people, so about 1,260 jobs were lost.

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