FAT Brands (FAT, FATBB, FATBP, FATBW) Craters After Grand Jury Indictment Regarding $47M Concealed Compensation to Former CEO/Current Chairman, Securities Class Action Pending

The complaint alleges that FAT made misstatements and failed to disclose that its current Chairman and former CEO Andrew A. Wiederhorn received improper payments from it, thereby exposing the company to criminal liability. This news sent the price of FAT Class A and B shares, Series B Preferred shares, and Warrants crashing lower on May 10, 2024. About Hagens Berman Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practic ...