LOS ANGELES, May 13, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of FAT Brands Inc. (“FAT Brands” or “the Company”) (NASDAQ: FAT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. FAT Brands is the subject of a report published by Fortune on May 13, 2024. According to the report, “The former CEO of Fat Brands, the holding company for burger chains Fatburger and Johnny Rockets, has been indicted for an alleged multi-year scheme to avoid paying taxes.” The report continues, “The U.S. Department of Justice accuses Andrew Wiederhorn of taking $47 million in shareholder loans, which were never repaid and then reported as losses to avoid paying millions of dollars in taxes. In a second indictment, he was also accused of being a felon in possession of a firearm.”
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
