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HIPPS v. BIGLARI HOLDINGS, INC. et al
Case Number:
1:18-cv-00349
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 04, 2018
Steak 'N Shake Owner Fights Investor's Reorg Injunction Bid
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.
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February 07, 2018
Shareholders Sue To Stop Steak 'N Shake Owner's Reorg
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.