FAT Brands Inc. has reached a proposed settlement in derivative litigation brought by shareholders on behalf of the company against several current and former executives and affiliated entities, including Squire Junger, James Neuhauser, Edward H. Rensi, Andrew A. Wiederhorn, Fog Cutter Holdings, and Fog Cutter Capital Group. The settlement, which also includes provisions for attorneys' fees, expenses, and service awards for the plaintiffs, was presented to the Delaware Court of Chancery. Notice of the settlement was distributed to interested parties, and no objections have been filed or received. Plaintiffs have requested the court grant final approval of the settlement and the associated awards.
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