FAT Brands Inc (NASDAQ:FAT) Investor Investigation Over Possible Violations Of Securities Laws

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Company Name(s): 
FAT Brands
Affected Securities: 
NASDAQ: FAT

An investigation on behalf of investors of FAT Brands Inc (NASDAQ:FAT) shares over potential securities laws violations by FAT Brands Inc and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of FAT Brands Inc (NASDAQ:FAT) concerning whether a series of statements by FAT Brands Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Beverly Hills, CA based FAT Brands Inc. is a restaurant franchising company that develops, markets, and acquires fast casual restaurant concepts around the world. As of March 26, 2017, the Company operated the Fatburger, Buffalo’s Cafe and Buffalo’s Express restaurant concepts. FAT Brands Inc went public in October 2017 and shares of FAT Brands Inc (NASDAQ:FAT) reached in the open market as high as $11.99 per share on October 26, 2017. In late December 2017, FAT Brands Inc (NASDAQ:FAT) shares declined to as low as $7.52 per share.