regulatory
confidence high
sentiment negative
materiality 0.70
FAT Brands, Andrew Wiederhorn and officers receive SEC Wells Notice
Fat Brands, Inc
- Wells Notice from SEC staff received Feb 15, 2024, related to previously disclosed investigation.
- Company believes all conduct occurred during or prior to fiscal year 2020.
- Company continues cooperating with SEC, intends to submit formal response, maintains actions were appropriate.
- Wells Notice is not a formal charge or determination of wrongdoing.