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Wolosky Represents Lion Fund in Proxy Solicitation

March 7, 2008

The Lion Fund, L.P. announced today that it has won two board seats at The Steak n Shake Company annual meeting. Steve Wolosky, Ron S. Berenblat, Jason W. Soncini and Jesse A. Hofrichter represented The Lion Fund, L.P. in the proxy solicitation.

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