7th Circ. Won't Rekindle Steak 'N Shake Suit Over CEO Deals

By Stewart Bishop (February 17, 2016, 7:30 PM EST) -- The Seventh Circuit on Wednesday refused to revive a shareholder derivative suit against the heads of restaurant chain Steak 'n Shake filed over deals which purportedly enriched holding company CEO Sardar Biglari at the expense of the company, citing a lack of a sufficient challenge to company leaders' business judgment....

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