A lawsuit was filed on behalf of investors in FAT Brands Inc (NASDAQ: FAT) shares over alleged securities laws violations. NASDAQ: FAT investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/02/2018 -- An investor, who purchased shares of FAT Brands Inc (NASDAQ: FAT), filed a lawsuit over alleged violations of Securities Laws by FAT Brands Inc in connection with the company's initial public offering ("IPO").
Investors who purchased shares of FAT Brands Inc (NASDAQ: FAT), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that at the time of the IPO, FAT Brands Inc failed to disclose that the Company's free cash flow was insufficient to cover its dividend, and that its sales growth had declined markedly.
Those who purchased shares of FAT Brands Inc (NASDAQ: FAT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com