(FAT) News: Why Did FAT Brands Stock Price Drop? Contact Johnson Fistel Regarding Investigation
SAN DIEGO, February 22, 2022 /Newsfile/ —
Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims on behalf of purchasers of FAT Brands Inc. (“FAT Brands” or “the Company”) (NASDAQ: FAT). FAT Brands is a multi-brand franchising company that acquires, develops, and markets quick-service, fast-casual, and casual dining restaurant concepts worldwide.
On February 19, 2022, the Los Angeles Times reported that “Federal authorities have been investigating Andrew Wiederhorn, chief executive of the company that owns the Fatburger and Johnny Rockets restaurant chains, and examining one of his family member’s actions as part of an inquiry into allegations of securities and wire fraud, money laundering and attempted tax evasion, court records show.” Further stating, many personnel expenses were paid out of accounts held by an affiliate of the publicly traded FAT Brands.
Following this news, FAT Brands’s stock price was down over 25% in early morning trading on February 22, 2022.
If you have information that could assist in this investigation, including past employees and others, or are a FAT Brands shareholder who lost money on your investment and are interested in learning more about how to recover your money and the investigation, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
To join this action, you can go to:
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Refer to Press Release Here
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
To join this action, you can go to:
https://www.cognitoforms.com/JohnsonFistel/FATBrandsInc
or
[Click here to join this action]. There is no cost or obligation to you.