Biglari Holdings Inc (NYSE:BH) Investor Investigation Over Potential Wrongdoing Announced

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Company Name(s): 
Biglari Holdings
Affected Securities: 

An investigation on behalf of investors in shares of Biglari Holdings Inc (NYSE:BH) was announced over potential breaches of fiduciary duties by certain officers and directors at Biglari Holdings Inc.

The investigation by a law firm concerns whether certain Biglari Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

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.