NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against FAT Brands Inc. (“FAT Brands” or the “Company”) (NASDAQ: FAT) on behalf of FAT Brands stockholders. Our investigation concerns whether FAT Brands has violated the federal securities laws and/or engaged in other unlawful business practices.
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On May 13, 2024, Fortune published a report on FAT Brands and stated that "The former CEO of Fat Brands, the holding company for burger chains Fatburger and Johnny Rockets, has been indicted for an alleged multi-year scheme to avoid paying taxes." The report continues, "The U.S. Department of Justice accuses Andrew Wiederhorn of taking $47 million in shareholder loans, which were never repaid and then reported as losses to avoid paying millions of dollars in taxes. In a second indictment, he was also accused of being a felon in possession of a firearm."
If you purchased or otherwise acquired FAT Brands shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
