Jack in the Box Sued by Investor Over Proxy-Vote Disclosure (1)

An activist investor in Jack in the Box Inc. accused the company of a “smear campaign” against him and asked a judge to order the iconic burger chain to correct disclosures about an upcoming proxy vote on whether to oust the chairman.

Biglari Capital Corp., led by veteran food-industry activist investor Sardar Biglari, sued Jack in the Box Chairman David Goebel, along with other company directors Friday in Delaware Chancery Court. He demanded the chain retract what he called factually flawed statements about the investment firm.

Biglari – the company’s largest shareholder with almost 10% of ...