FAT Brands Inc. Company News: Berger Montague Investigating Allegations of Securities Fraud Against FAT Brands, Inc. (FAT); The deadline for the main applicant is May 17, 2022

Philadelphia, Pa.–(Newsfile Corp. – May 5, 2022) – Shepherd Montague investigating allegations of securities fraud on behalf of investors who purchased the securities of FAT Brands, Inc. (“FAT” or the “Company”) FAT Between December 4, 2017 and February 18, 2022 (the “Class Period”).

If you purchased FAT securities during the Class Period, wish to discuss the Berger Montague investigation, or have any questions regarding your rights or interests, please contact attorneys Andrew Abramowitz at [email protected] or (215) 875- 3015, or Michael Dell’Angelo at [email protected] or (215) 875-3080 or visit: https://investigations.bergermontague.com/fat-brands-inc/.

Whistleblowers: Anyone with nonpublic information regarding the FAT is encouraged to confidentially participate in Berger Montague’s investigation or take advantage of the SEC’s whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

According to the complaint, FAT and members of senior management, including its CEO Andrew Wiederhorn, failed to disclose that the company and the Wiederhorn family had engaged in transactions without a legitimate corporate purpose and that the company was likely to do subject to increased regulatory scrutiny, and indeed that the company’s CEO and COO were under investigation in relation to such transactions.

The lawsuit alleges investors began to learn the truth on February 19, 2022, when a report in the Los Angeles Times said that, according to an FBI investigation, CEO Wiederhorn “conceived and executed a fraudulent scheme” to avoid paying taxes and received “millions of dollars in fictitious loans” through his companies.

Subsequently, on February 22, 2022, FAT disclosed that in December 2021, the United States Department of Justice and the Securities and Exchange Commission initiated investigations regarding compensation, credit extensions and other payments received by the CEO Wiederhorn or his family.

Shepherd Montaguewith offices in Philadelphia, Minneapolis, Washington, D.C. and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades and acts as lead counsel before the courts. across the United States.

contacts

Andrew Abramowitz, Senior Counsel
Shepherd Montague
(215) 875-3015
[email protected]

Michael Dell’Angelo, executive shareholder
Shepherd Montague
(215) 875-3080
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122932

Karen J. Nelson