Defendant Name: FAT Brands, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 30258N10

Initial Case Details

Legal Case Name SEC v. FAT Brands Inc., Andrew Wiederhorn, Ron Roe, and Rebecca Hershinger
First Document Date 10-May-2024
Initial Filing Format Civil Proceeding
Case Number 24-cv-03913
Allegation Type Issuer Reporting and Disclosure
Federal District Court California, Central District of California

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 14(a)
• Rule 14a-3
• Rule 14a-9
Securities Act
• Sec 17(a)(2)
Other
• Section 13(k) Exchange Act
Additionally, Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Ron Roe is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(a) of the Exchange Act.
Ron Roe is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(a) of the Exchange Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(a) of the Exchange Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Ron Roe is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Ron Roe is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Ron Roe is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 17(a)(2) of the Securities Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Sec 17(a)(2) of the Securities Act.
Andrew Wiederhorn is alleged to have aided and abetted FAT Brands, Inc.'s violation of Section 13(k) Exchange Act.
Ron Roe is alleged to have aided and abetted FAT Brands, Inc.'s violation of Section 13(k) Exchange Act.
Rebecca Hershinger is alleged to have aided and abetted FAT Brands, Inc.'s violation of Section 13(k) Exchange Act.

Resolutions

First Resolution Date

Related Documents:

comp26001 10-May-2024 Complaint
Complaint
The Commission stated: "Between October 2017 and March 2021 (the “Relevant Period”), Andrew Wiederhorn (“Wiederhorn”), the former chief executive officer and current director and controlling shareholder of FAT Brands Inc. (“FAT” or the “Company”) used almost $27 million of FAT’s cash on his personal expenses including private jets, first class airfare, luxury vacations, his rent and mortgage payments, shopping, and jewelry. During this time, Wiederhorn falsely told the Company’s auditors, board of directors, and investors that neither he nor his family members had any direct or indirect material interest in the FAT cash that Wiederhorn used for those personal expenditures."
LR-26001 10-May-2024 Litigation Release
SEC Charges Restaurant Group FAT Brands Inc., its Chairman and Former CEO, and its Two Former CFOs with Defrauding Investors
On May 10, 2024, the SEC stated that "it filed fraud charges against FAT Brands Inc. (“FAT”), its founder, former CEO, and current Chairman, Andrew Wiederhorn (“Wiederhorn”), and its former CFOs, Ron Roe (“Roe”) and Rebecca Hershinger (“Hershinger”) concerning FAT’s disclosures about related person transactions with Wiederhorn and his family."

Other Defendants in Action:

Andrew Wiederhorn
Ron Roe
Rebecca Hershinger