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FAT
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20 days

DOJ drops charges against Fat Brands, chair Andy Wiederhorn

1. DOJ drops charges against Fat Brands' Andy Wiederhorn, boosting investor confidence. 2. Wiederhorn maintains innocence after facing serious fraud and tax evasion charges. 3. Shares of Fat Brands rose 7% after the news of charge dismissal. 4. Wiederhorn previously stepped down amid SEC investigation; case remains unresolved. 5. Company awaits resolution on separate SEC civil complaint linked to indictments.

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FAQ

Why Bullish?

The dismissal of serious charges alleviates investor concerns, boosting stock confidence. Historical instances show stock price rebounds following the resolution of legal issues.

How important is it?

The dismissal directly impacts FAT’s operational leadership and market perception, essential for future growth.

Why Short Term?

Positive short-term momentum expected as investors react quickly to news, though long-term uncertainty remains over SEC investigation.

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