RM LAW, P.C. has commenced an investigation into potential breaches of fiduciary duties owed to shareholders in connection with the proposed reorganization of Biglari Holdings Inc. (“Biglari” or the “Company”) (NYSE: BH).
If you purchased shares of Biglari and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
Biglari announced that it is reorganizing itself as a holding company with a dual class structure. If the proposed reorganization takes place, current shareholders will receive ten shares of Class B stock (with no voting rights) and one share of Class A stock (with voting rights) for each share of the Company’s stock that they own at the time of the reorganization. The Company has stated that the goal of the reorganization is preserving Sandar Biglari’s control of the Company while gaining the ability to issue stock in a transaction.