A securities class action has been filed in the USDC — C.D.CA. against FAT Brands Inc. (FAT) (“Fat Brands” or the “Company”), on behalf of all persons or entities who purchased or otherwise acquired publicly traded on NASDAQ Fat Brands securities, including Fat Brands Class A common stock (ticker symbol: FAT), Fat Brands Class B common stock (ticker symbol: FATBB), Fat Brands 8.25% Series B Cumulative Preferred Stock (ticker symbol: FATBP), and Fat Brands Warrants (ticker symbol: FATBW) between March 24, 2022 and May 10, 2024, both dates inclusive (the “Class Period”).

Defendant Fat Brands describes itself as “a leading multi-brand restaurant company that develops, markets, acquires and manages quick-service, fast casual, casual dining and polished casual dining restaurant concepts around the world[.]”

The complaint alleges, Defendants made false and/or misleading statements and/or failed to disclose that:

(1) Defendants failed to disclose that Andrew A. Wiederhorn, the Company’s Chairman and former CEO, had received improper payments from the Company, exposing Fat Brands to criminal liability and;

(2) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times, thereby harming investors.

If you purchased Fat Brands securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

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