A lawsuit was filed by an investor in Biglari Holdings Inc (NYSE:BH) shares over alleged wrongdoing at Biglari Holdings Inc and NYSE:BH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/12/2018 -- The Shareholders Foundation announces that an investor in shares of Biglari Holdings Inc (NYSE:BH) filed a lawsuit against certain directors of Biglari Holdings Inc over alleged breaches of fiduciary duties.
Investors who purchased shares of Biglari Holdings Inc (NYSE:BH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
San Antonio, TX based Biglari Holdings Inc. is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company's segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. Biglari Holdings Inc reported that its annual Total Revenue declined from $861.45 million in 2015 to $850.08 million in 2015 and that its Net loss of $15.84 million in 2015 increased to $99.45 million in 2016.
The plaintiff seeks to stop a reorganization effort, arguing it will unjustly enrich the CEO, who within three years has already reaped $80 million to become the highest paid CEO in the restaurant industry.
Shares of Biglari Holdings Inc (NYSE:BH) closed on February 8, 2018, at $403.13 per share.
Those who purchased shares of Biglari Holdings Inc (NYSE:BH), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com