Fat Brands Faces Investor Suit Over $47M Loan Scheme

By Gina Kim (June 10, 2024, 8:38 PM EDT) -- Fat Brands and its executives face a proposed class action in California federal court alleging that they falsely claimed to be cooperating with governmental probes into their CEO's spending $47 million on company loans while skirting taxes, leading stock prices to plunge last month when criminal charges were announced....

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