FATBW - FAT Class Action Alert: Robbins LLP Reminds Stockholders of the Fat Brands Inc. Class Action | Benzinga
SAN DIEGO, June 14, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Fat Brand Inc. securities, including Fat Brands Class A common stock (NASDAQ:FAT), Fat Brands Class B common stock (NASDAQ:FATBB), Fat Brands 8.25% Series B Cumulative Preferred Stock (NASDAQ:FATBP), and Fat Brands Warrants (NASDAQ:FATBW) between March 24, 2022 and May 10, 2024. 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[.]"
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that the Former CEO of Fat Brands Inc. (FAT) Caused the Company to Violate Securities Laws
According to the complaint, during the class period, 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.
On May 10, 2024, the United States Attorney's Office for the Central District of California issued a press release entitled "Former CEO and Controlling ...