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Kerry Chipman v. FAT Brands Inc. et al
Case Number:
2:22-cv-02541
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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March 01, 2023
FAT Brands' $3M Deal Over Fraud Claims Wins Final Approval
A California federal judge has given final approval to a $3 million settlement resolving investor claims that executives behind the Fatburger and Johnny Rockets restaurant brands harmed shareholders by misusing company funds and sparking a federal investigation.
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April 18, 2022
Fatburger Investors Claim Fraud Inquiry Tanked Stock Price
Restaurant chain Fatburger's parent company and CEO Andy Wiederhorn have been hit with an investor suit in California federal court, claiming the value of Fat Brands Inc.'s stock plummeted after news of a federal fraud probe into the top boss' business dealings went public.