On June 7, 2024, Fat Brands Inc. was sued for violations of the federal securities laws in the United States District Court for the Central District of California on behalf of investors who purchased or otherwise acquired publicly traded Fat Brands securities, including Fat Brands Class A common stock (ticker symbol: FAT), Fat Brands Class B common stock (ticker symbol: FATBB), Fat Brands 8.25% Series B Cumulative Preferred Stock (ticker symbol: FATBP), and Fat Brands Warrants (ticker symbol: FATBW) between March 24, 2022 and May 10, 2024, inclusive (the “Class Period”).