A Deadline is coming up on May 17, 2022 in the lawsuit for certain investors in FAT Brands Inc. (NASDAQ:FAT, FATBB, FATBP, FATBW).
San Diego, CA -- (SBWIRE) -- 05/17/2022 -- The Shareholders Foundation announced that a deadline is coming up on May 17, 2022 in the lawsuit filed for certain investors of FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW).
Investors who purchased shares of FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) have certain options and there are strict and short deadlines running. Deadline: May 17, 2022. FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) common shares between December 4, 2017 and February 18, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 4, 2017 and February 18, 2022, the defendants made false and/or misleading statements and/or failed to disclose: (1) the Company and the Wiederhorns engaged in transactions "for no legitimate corporate purpose"; (2) the Company ignored warning signs relating to transactions with the Wiederhorns; (3) as a result, the Company was likely to face increased scrutiny, investigations, and other potential issues; (4) certain executives, who are touted as critical to the Company's success, were at great risk of scrutiny—potentially, at least in part, due to the Company's actions; (5) the Company's touted chief executive officer (CEO) and chief operating officer (COO) were under investigation regarding transactions with the Company; and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of FAT Brands Inc. (NASDAQ: FAT, FATBB, FATBP, FATBW) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.