FAT Brands Believes That All Conduct Relating To SEC Investigation And The Wells Notices Occurred During Or Prior To Fiscal Year 2020 - Filing
Portfolio Pulse from Benzinga Newsdesk
FAT Brands has stated in a filing that all conduct related to the SEC investigation and the Wells Notices they received pertains to activities that occurred during or before the fiscal year 2020. This indicates that the issues under investigation are not recent but are tied to past financial periods.
February 20, 2024 | 11:53 am
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POSITIVE IMPACT
FAT Brands' statement regarding the SEC investigation and Wells Notices being related to past activities may reassure investors about the company's current compliance and governance standards.
The clarification that the SEC investigation and Wells Notices are related to activities from fiscal year 2020 or earlier could potentially alleviate concerns among investors regarding ongoing legal or regulatory issues. This might lead to a positive perception of the company's current governance and compliance efforts, possibly impacting the stock price positively in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90