Lead Plaintiff Deadline is October 23, 2018

NEW YORK, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal securities class action lawsuit has been filed against FAT Brands, Inc. (“FAT Brands” or the “Company”) (NASDAQ: FAT) in  the United States  District Court for the Central District of  California on behalf of a class  consisting of investors  who  purchased  or  otherwise  acquired  FAT  Brands  securities pursuant and/or  traceable  to FAT  Brands’  initial public  offering  (“IPO”) conducted on or around October 20, 2017 at $12.00 per share.

Investors who have incurred losses in the shares of FAT Brands, Inc. are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If   you  have  incurred  losses  in  the shares of  FAT Brands, Inc., you may,  no later than October 23, 2018,  request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in FAT Brands, Inc.

The filed  Complaint  alleges  Defendants  made materially  false  and/or  misleading statements and/or failed to  disclose that:

• FAT  Brands’ sales growth  had significantly  declined; 
   
• sales  growth at  Ponderosa  &  Bonanza   was significantly below the level which FAT Brands had believed when it agreed  to acquire those brands  in March  2017;
   
• the fast-casual  dining sector  was saturated and facing significant headwinds  and a slowdown in growth,  largely caused by customers fleeing to lower cost and quicker options;
   
• FAT Brands’ free cash flow was less than  its annual $5 million dividend obligations;
   
• the Wiederhorn family planned to merge Fog Cutter Capital Group Inc. into  FAT Brands following the  IPO;
   
• Fog  Cutter Capital and  the Wiederhorn  family that  owned  it  had  already  once  run  Fog  Cutter  Capital/Fatburger  into bankruptcy, resulting in its stock being delisted after attempting to go on an acquisition spree, much like the spree they were undertaking at FAT Brands  at the time of the IPO; and
   
• as a result, FAT Brands’ public statements  were materially false and misleading at all  relevant times. When the true  details entered the market, the lawsuit claims that investors suffered damages.

Wolf Haldenstein Adler Freeman & Herz LLP  has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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