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Investigation announced for Investors in shares of FAT Brands Inc. (NASDAQ: FAT)

06-20-2022 09:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long-term investors in FAT Brands Inc. (NASDAQ: FAT) shares.

An investigation on behalf of current long-term investors in FAT Brands Inc. (NASDAQ: FAT) shares.

An investigation was announced for current long-term investors in shares of FAT Brands Inc. (NASDAQ: FAT) concerning potential breaches of fiduciary duties by certain directors and officers of FAT Brands Inc..

Investors who are current long term investors in FAT Brands Inc. (NASDAQ: FAT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: FAT stocks follows a lawsuit filed against FAT Brands Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FAT stocks, concerns whether certain FAT Brands Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose: (1) the Company and the Wiederhorns engaged in transactions "for no legitimate corporate purpose"; (2) the Company ignored warning signs relating to transactions with the Wiederhorns; (3) as a result, the Company was likely to face increased scrutiny, investigations, and other potential issues; (4) certain executives, who are touted as critical to the Company's success, were at great risk of scrutiny-potentially, at least in part, due to the Company's actions; (5) the Company's touted chief executive officer (CEO) and chief operating officer (COO) were under investigation regarding transactions with the Company; and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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