LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of FAT Brands Inc. ("FAT Brands" or the "Company") (NASDAQ: FAT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Specifically, it sets out to determine if FAT Brands’ filings with the SEC related to its October 2017 initial public offering (“the IPO”) made untrue statements or failed to disclose material information. Shares of FAT Brands stock have lost more than 33% of their value from the IPO price as of June 13, 2018, harming investors.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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