ATLANTA, GA – – (Globe Newswire – June 10, 2024) – – A shareholder class action lawsuit has been filed against FAT Brands Inc. (“FAT Brands” or the “Company”) (NASDAQ: FAT; FATBB; FATBP; and FATBW). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, including allegations that: (1) Defendants failed to disclose that Andrew A. Wiederhorn, the Company’s Chairman and former CEO, had received improper payments from the Company, exposing Fat Brands to criminal liability; and (2) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

If you bought shares of FAT Brands between March 24, 2022 and May 10, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/fat-brands/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is August 6, 2024.