Defendant Name:
FAT Brands, Inc.
Defendant Type:
Public Company
Document Reference:
court_doc59_24-cv-03913
Document Details
Legal Case Name
SEC v. FAT Brands Inc., Andrew Wiederhorn, Ron Roe, and Rebecca Hershinger
Document Name
Joint Stipulation to Dismiss and Releases
Document Date
27-Mar-2026
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
"[T]he Commission and the Defendants stipulate that the Civil Action be dismissed with prejudice as to the conduct alleged in the Complaint through the date of the filing of this Stipulation, and without costs or fees to either party."
Disgorgement & Penalty Information
Resolutions
SEC Dismissed Case
Related Documents:
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."
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."
SEC Announces Dismissal of Civil Enforcement Action AgainstFAT Brands, Inc. and Its Executives
On March 27, 2026, The SEC stated that it "filed a joint stipulation with FAT Brands, Inc., Andrew Wiederhorn, Ron Roe, and Rebecca D. Hershinger to dismiss, with prejudice, the Commission’s
civil enforcement action . . . against them."
Other Defendants in Action:
