FAT Brands’ largest bondholder sues company over Twin Peaks ownership dispute

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. FAT Brands faces more legal and financial turmoil as another entity has filed a lawsuit against the company over alleged unpaid contractual obligations. The company’s largest bondholder, Investor 352 Fund, is suing FAT Brands for $109 million and promised Class B Common stock tied to ownership of Twin Peaks, as it was issued by Twin Hospitality. According to the lawsuit, filed in the New York County Supreme Court, FAT B ...