Defendant Name:
FAT Brands, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
30258N10
Document Reference:
comp26001
Document Details
Legal Case Name
SEC v. FAT Brands Inc., Andrew Wiederhorn, Ron Roe, and Rebecca Hershinger
Document Name
Complaint
Document Date
10-May-2024
Document Format
Civil Proceeding
Case Number
24-cv-03913
Federal District Court
California, Central District of California
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Other Defendants in Action:
