FAT Brands Inc.
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Case Overview
23 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 08/06/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: FAT Brands Inc. |
Case Number: | Case Number: 2:24cv04775 |
Class Period: | Class Period: 03/24/2022 - 05/10/2024 |
Ticker: | Ticker: FAT |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of those who acquired FAT Brands Inc. (“FAT Brands” or the “Company”) (NASDAQ: FAT) securities during the period of March 24, 2022 and May 10, 2022, inclusive (“the Class Period”). Investors have until August 6, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that defendants throughout the Class Period made materially 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.
The lawsuit alleges that defendants throughout the Class Period made materially 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.