Core Viewpoint - The Justice Department has dropped all charges against Fat Brands and its chair Andy Wiederhorn, allowing the company to focus on growth and success moving forward [1][3]. Legal Proceedings - In May 2024, Fat Brands and Wiederhorn were indicted on charges including wire fraud and tax evasion, related to a loan scheme that allegedly netted Wiederhorn $47 million [1]. - Federal prosecutors have filed to dismiss all charges against Wiederhorn and two others, maintaining that Wiederhorn has consistently claimed his innocence since the indictment [2]. - The DOJ also requested the dismissal of separate criminal charges against Wiederhorn for being a federal felon in possession of a handgun and ammunition [4]. Company Background - Wiederhorn stepped down as CEO of Fat Brands in 2023 amid an SEC investigation related to the same conduct that led to the DOJ charges [3]. - Fat Brands owns several well-known restaurant brands, including Fatburger, Johnny Rockets, and Great American Cookies [2]. Market Reaction - Following the news of the charges being dropped, shares of Fat Brands increased by 7%, with the company's market capitalization reported to be less than $43 million [6]. Political Context - The DOJ's decision comes after a shakeup in the agency following President Donald Trump's second term, which included the dismissal of the assistant U.S. attorney leading the prosecution against Wiederhorn [5]. - Notably, Fat Brands had previously donated $100,000 to Trump's inauguration fund [6].