A PYMNTS Company

U.S.: Chain restaurant to pay antitrust fine in Cracker-Barrel deal

By  |  September 26, 2012

Biglari Holdings Inc. (BH), a chain- restaurant operator, agreed to pay $850,000 to settle procedural antitrust violations stemming from its purchase of shares in Cracker Barrel Old Country Store Inc. (CBRL). Biglari improperly failed to report the transaction to U.S. antitrust authorities by claiming the purchases were a ‘passive’ investment when, in reality, Biglari intended to become actively involved in the management of Cracker Barrel,” the U.S. Federal Trade Commission said. 

Full Content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.