FAT Brands, Inc. , Andrew Wiederhorn, Ron Roe, Rebecca Hershinger

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26510 / March 27, 2026

Securities and Exchange Commission v. FAT Brands et al., No. 2:24-cv-03913-MCS-AGR (C.D. Cal. filed May 10, 2024)

SEC Announces Dismissal of Civil Enforcement Action Against FAT Brands, Inc. and Its Executives

On March 27, 2026, the U.S. Securities and Exchange Commission filed a joint stipulation with FAT Brands, Inc., Andrew Wiederhorn, Ron Roe, and Rebecca D. Hershinger to dismiss, with prejudice, the Commission’s civil enforcement action against them.

As stated in the joint stipulation, the Commission’s decision to exercise its discretion and seek dismissal of this litigation is “based on the facts and circumstances of this case and in light of the evidence developed in discovery” and “does not reflect the SEC’s position on any other case.”