Business
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages FAT Brands Inc. Investors to Inquire About Securities Class Action Investigation - FAT, FATBB, FATBP, FATBW
New York, New York--(Newsfile Corp. - June 6, 2024) - WHY: Rosen Law Firm, a global investor ri...
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[{"type":"text","content":"ROSEN, GLOBAL INVESTOR COUNSEL, Encourages FAT Brands Inc. Investors to Inquire About Securities Class Action Investigation - FAT, FATBB, FATBP, FATBWNew York, New York--(Newsfile Corp. - June 6, 2024) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of FAT Brands Inc. (NASDAQ: FAT) (NASDAQ: FATBB) (NASDAQ: FATBP) (NASDAQ: FATBW) resulting from allegations that FAT Brands may have issued materially misleading business information to the investing public.SO WHAT: If you purchased FAT Brands securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=3635 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.WHAT IS THIS ABOUT: On May 10, 2024, the United States Attorney's Office for the Central District of California issued a press release entitled \"Former CEO and Controlling Shareholder of FAT Brands Inc., Former CFO, and a Tax Advisor Indicted in Alleged Scheme to Conceal $47 Million Paid to CEO in the Form of Shareholder Loans.\" The press release stated \"Andrew A. Wiederhorn, the former CEO and current controlling shareholder of the publicly traded Fat Brands Inc. (FAT), has been indicted on federal charges alleging a scheme to conceal $47 million in distributions he received in the form of shareholder loans from the IRS, FAT's minority shareholders, and the broader investing public, the Justice Department announced today.\"On this news, the price of FAT Brands Class A common stock fell by $2.08 per share, or 27.73%, to close at $5.42 on May 10, 2024.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder deriva...