Brief: Fat Brands Inc. Reaches Agreement In Principle To Settle Class Action Litigation

Fat Brands

10/08/2022 22:22

Aug 10 (Reuters) - FAT Brands Inc  FAT.O :
    * FAT BRANDS INC. REACHES AGREEMENT IN PRINCIPLE TO SETTLE
CLASS
ACTION LITIGATION
    * FAT BRANDS INC - AGREEMENT TO SETTLE LAWSUIT WAS REACHED
FOLLOWING A VOLUNTARY MEDIATION PROCESS
    * FAT BRANDS -  AGREEMENT IN PRINCIPLE CONTEMPLATES A CASH
PAYMENT
BY CO OF $2.5 MILLION AND ISSUANCE OF $500,000 IN CLASS A COMMON
STOCK TO SETTLE CLAIMS

Source text for Eikon:  ID:nGNX2Qqf4X 
Further company coverage:  FAT.O 

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