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Steak ‘n Shake appears to have avoided bankruptcy, according to a report in Bloomberg. But...

Steak ‘n Shake Avoids Bankruptcy, Accuses Lender of Takeover Attempt | QSR – QSR magazine

Steak ‘n Shake appears to have avoided bankruptcy, according to a report in Bloomberg. But it still could be headed to court. Only now, the burger chain is going on the offensive. Steak ‘n Shake is suing Fortress Investment Group in Indiana, accusing the company of misusing confidential business information in an attempt to assume control of Steak ‘n Shake’s assets. Per Bloomberg and filings, Fortress obtained financial information about Steak ‘n Shake mid-2020 during negotiations for a possible real …

 

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