NEW YORK, March 6, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of FAT Brands Inc. (NASDAQ:FAT, FATBB, FATBP, FATBW)) resulting from allegations that FAT Brands may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased FAT Brands securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://ift.tt/EIhlKnV or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On February 19, 2022, the Los Angeles Times published an article entitled “Family behind Fatburger under investigation for alleged fraud, money laundering, records show” which reported that federal authorities have been investigating FAT Brands’ chief executive “as part of an inquiry into allegations of securities and wire fraud, money laundering and attempted tax evasion, court records show.”
Then on February 22, 2022, before market hours, the Company disclosed in an SEC filing that the U.S. Attorney’s Office for the Central District of California and the U.S. Securities and Exchange Commission (SEC) have both “opened investigations relating to the Company and our Chief Executive Officer, Andrew Wiederhorn, and are formally seeking documents and materials concerning, among other things, the Company’s December 2020 merger with Fog Cutter Capital Group Inc., transactions between these entities and Mr. Wiederhorn, and compensation, extensions of credit and other benefits or payments received by Mr. Wiederhorn or his family.”
On…
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