Investors, Defendants Ask 7th Circuit To Determine Whether Demand Was Futile

(December 10, 2015, 11:05 AM EST) -- CHICAGO — Parties in a shareholder derivative lawsuit recently asked the Seventh Circuit U.S. Court of Appeals to determine whether a federal district court erred in dismissing the suit for failure to plead demand futility (In re Biglari Holdings Inc. Shareholder Derivative Litigation, No. 15-1828, 7th Cir.).

(Appellant brief available. Document #57-151214-505B.)

Investors Chad Taylor and Edward Donohue filed an amended complaint in a shareholder derivative lawsuit in the U.S. District Court for the Southern District of Indiana, naming Biglari Holdings Inc. (BH) founder and CEO...
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