Case Summary

Fat Brands

NASDAQ: FAT, FATBB, FATBP and FATBW

Case Details

  • Kates v. FAT Brands Inc. et al.
  • Class Period:March 24, 2022 - May 10, 2024
  • Date Filed:June 07, 2024
  • Jurisdiction:U.S. District Court, Central District of California
  • Docket Number: 2:24-cv-04775
  • Lead Plaintiff Deadline: August 6, 2024
Days Left to
Seek Plaintiff
42

Overview

A class action lawsuit has been filed against Fat Brands, Inc. (“Fat Brands” or the “Company”) (NASDAQ: FAT, FATBB, FATBP and FATBW) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Fat Brands class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired 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”).  Investors have until August 6, 2024, to seek appointment as lead plaintiff of the Fat Brands class action lawsuit.

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 Fat Brands class action 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 Chief Executive Officer, had received improper payments from the Company, exposing FAT Brands to criminal liability; and (2) as a result, Defendants’ statements about their business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.  When the true details entered the market, the lawsuit claims that investors suffered damages.

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If you purchased or otherwise acquired publicly traded 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, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Fat Brands lawsuit is August 6, 2024.

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