We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Biglari Holdings, Inc. to pay US$850,000 to settle claim of HSR Act violation based on stock acquisitions not qualifying for passive investor exemption

27 September 2012

Antitrust, Competition, Economic Regulation Alert

Biglari Holdings, Inc. (Biglari Holdings) agreed  to pay a US$850,000 civil penalty to settle charges that it violated the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with its 2011 acquisition of voting shares of Cracker Barrel Old Country Store, Inc. (Cracker Barrel). The Department of Justice (DOJ) charged Biglari Holdings with accumulating approximately nine percent of the voting securities of Cracker Barrel without satisfying the notification and waiting period requirements of the HSR Act.

Read: "Biglari Holdings, Inc. to pay US$850,000 to settle claim of HSR Act violation based on stock acquisitions not qualifying for passive investor exemption"

The team

Loading data