PR Newswire
SAN DIEGO , June 26, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in shares of FAT Brands Inc. (NASDAQ: FAT). The lawsuit seeks to recover losses for certain investors in NASDAQ: FAT shares.
Investors, who purchased FAT Brands Inc. (NASDAQ: FAT) shares prior to March 24, 2022 and continue to hold any of those NASDAQ: FAT shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 07, 2024 , an investor in NASDAQ: FAT shares filed a lawsuit against FAT Brands Inc. The plaintiff alleged that the defendants made materially false and/or misleading statements and/or failed to disclose that 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, that 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.
Those who purchased FAT Brands Inc. (NASDAQ: FAT) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE Shareholders Foundation, Inc.