April 04, 2018
Biglari Holdings Inc., owner of the Steak 'n Shake and Western Sizzlin' restaurant chains, urged an Indiana federal judge on Tuesday to deny a shareholder's bid to halt its corporate reorganization and recapitalization efforts, calling the bid part of an "abusive campaign" to upend the company's restructuring.
February 07, 2018
A group of shareholders in Biglari Holdings Inc., owner of the Steak 'n Shake restaurant chain, has sued the company and board members to stop a reorganization effort, arguing it will unjustly enrich chief executive Sardar Biglari, who within three years has already reaped $80 million to become the highest paid CEO in the restaurant industry.