SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation into the Fairness of the Merger of FAT Brands Inc. with its Controlling Stockholder
New York, New York--(Newsfile Corp. - January 7, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased FAT Brands Inc. ("FAT Brands" or the "Company") (NASDAQ: FAT) stock prior to December 11, 2020. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of FAT Brands with Fog Cutter Capital Group Inc. (FCCG), the Company's controlling stockholder. In connection with the merger, FAT Brands has declared a special stock dividend payable only to holders of its common stock other than Fog Cutter, consisting of 0.2319998077 shares of FAT Brands' 8.25% Series B Cumulative Preferred Stock (NASDAQ: FATBP) for each outstanding share of common stock held by such stockholders, with the value of any fractional shares to be paid in cash. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500. There is no cost or obligation to you.
The FAT Brands merger investigation concerns whether the Board of FAT Brands has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71582