Moore Law PLLC encourages investors of Fat Brands Inc. to contact the law firm

NEW YORK, 27 June 2024 /PRNewswire/ — Moore Law, PLLC, a Wall Street securities and shareholder rights law firm, is investigating potential claims against:

• Fat Brands Inc. (NASDAQ: FAT) or shares of Fat Brands Class B common stock (NASDAQ: FATBB)

Shareholders who 24 March 2022 should send an email to: (email protected)

The investigation concerns the failure to disclose that Andrew A. Wiederhornthe company’s chairman and former CEO, had improperly received payments from the company, exposing Fat Brands to criminal liability.

At May 10, 2024, The United States Public Prosecutor’s Office for the Central District California published a press release entitled “Former CEO and majority shareholder of Fat Brands Inc., former CFO and tax consultant indicted in Allegedly Plan to hide 47 million US dollars Paid to the CEO in the form of shareholder loans.” The press release revealed that “Andrew A. Wiederhornthe former CEO and current majority shareholder of (Fat Brands), was indicted at the federal level for conspiracy to conceal 47 million US dollars in distributions he received in the form of shareholder loans from the IRS, FAT’s minority shareholders and the broader investor community(.)” It goes on to say that “Wiederhorn – assisted by FAT’s CFO and his outside auditor at the consulting firm Andersen – concealed millions of dollars in reportable compensation and taxable income and evaded the payment of millions of dollars in taxes, while ensuring that FAT itself violated the Sarbanes-Oxley Act’s prohibition on making direct and indirect loans to the CEOs of publicly traded companies in the form of personal loans.”

If you own Fat Brands Inc. (NASDAQ: FAT)please contact Fletcher Moore by email at (email protected) or (212) 709-8245.

ABOUT MOORE LAW PLLC

Moore Law is a New York-based investor litigation firm. We hold officers and directors accountable for breaches of fiduciary duties, FraudInsider trading, waste and other corporate misconduct. There is no cost to you. Our investor cases are strictly contingency based.

Fletcher Moore, Esq.
Moore Law Firm
(email protected)
(212) 709-8245
www.fmoorelaw.com

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