NEW YORK, March 15, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) resulting from allegations that FAT Brands may have published misleading marketing information. to the investing public.
SO WHAT: If you have purchased securities from FAT Brands, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=3635 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
WHAT DOES IT TALK ABOUT: At February 19, 2022the Los Angeles Times published an article titled “Family Behind Fatburger Under Investigation for Alleged Fraud, Money Laundering, According to Documents” which reports that federal authorities investigated the CEO of FAT Brands “as part of an investigation into allegations of securities and wire fraud, money laundering and attempted tax evasion, according to court records.”
Then on February 22, 2022before market hours, the company disclosed in an SEC filing that the U.S. Attorney’s Office for the Central District of California and the U.S. Securities and Exchange Commission (SEC) have both “initiated investigations regarding the Company and our Chief Executive Officer, Andrew Wiederhornand formally seek documents and materials relating to, among other things, the December 2020 merger with Fog Cutter Capital Group Inc., transactions between these entities and Mr. Wiederhorn, and compensation, credit extensions and other benefits or payments received by Mr. Wiederhorn or his family. »
At this news, FAT Brands stock price plummeted. $2.42 per share, or 23%, to close at $8.14 per share on February 22, 2022on an unusually high volume of transactions, detrimental to investors.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania