In early 2007, Ruby Tuesday indicated in an SEC filing that it had learned that SRG had defaulted or was late at least once in rent payments for 17 restaurants that had been sub-leased by SRG from Ruby Tuesday. As a result, Ruby Tuesday anticipated taking a charge related to these 17 restaurants, although the company expects the actual charge to be "substantially less" than the $6.1 million remaining in scheduled payments for the various leases.
