Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Fat Brands, Inc (FAT) Class Action Lawsuit (March 2022)

Closed

2:22cv1820 • March 18, 2022

Class Period Start

December 3, 2017

Class Period End

May 20, 2022

PSLRA Deadline

May 17, 2022

Case Allegations

10b5

Statutes of Repose

Dec 3, 2020

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

January 28, 2023

Settlement Fund

$3,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased FAT Brands Inc. (“FAT Brands” or the “Company”) publicly-traded securities during the period from December 4, 2017 through February 18, 2022, both dates inclusive.

Claim Administrator

Strategic Claims Services
FAT Brands Inc. Securities Litigation c/o Strategic Claims Services 600 N. Jackson St., Ste. 205 P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]

Settlement Website

www.strategicclaims.net/FAT

Hearing Date

February 28, 2023

Opt-out Deadline

February 7, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 16, 2024

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Feb 28, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Nov 8, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Nov 8, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Sep 23, 2022

Proposed Settlement

Sep 2, 2022

Scheduling Order

Jun 27, 2022

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Fat Brands, Inc. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 13, 2022

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Apr 15, 2022

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Fat Brands, Inc. The allegations and class definitions are substantively the same.

Mar 18, 2022

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Fat Brands, Inc.

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