NASDAQ: FAT Lawsuit Alert: Investors who lost money with shares of FAT Brands Inc. (NASDAQ: FAT) should contact the Shareholders Foundation

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 inNASDAQ: FAT shares.

Investors, who purchased FAT Brands Inc. (NASDAQ: FAT) shares prior to March 24, 2022 and continue to hold any of thoseNASDAQ: FAT shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On June 07, 2024, an investor inNASDAQ: 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 
[email protected] 
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.