Biglari Holdings Inc.'s (BH) Reorganization Investigated By Block & Leviton

BOSTON, Jan. 25, 2018 /PRNewswire/ -- Block & Leviton LLP is investigating following the announcement by Biglari Holdings Inc. (NYSE: BH) 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.

Block & Leviton LLP is investigating to determine whether Mr. Biglari and members of the Company's Board may have breached fiduciary duties owed to shareholders in connection with the proposed reorganization.

If you are a shareholder of Biglari Holdings and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Bradley Vettraino of Block & Leviton LLP by phone at 617.398.5616 or by email at brad@blockesq.com or visit our website at http://www.blockesq.com/biglari. Confidentiality for any whistleblowers or other persons with information relevant to the investigation is assured.

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws as well as whistleblowing employees who provide information about their employers' violations of law.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 70 years.

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Contact:         
BLOCK & LEVITON LLP
Bradley Vettraino
617.398.5616
brad@blockesq.com

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SOURCE Block & Leviton LLP