SEC Dismisses Civil Enforcement Action Against FAT Brands, Inc. and Executives

SEC Litigation Releases

Filed March 27th, 2026

Detected March 28th, 2026

Summary

The SEC announced the dismissal, with prejudice, of its civil enforcement action against FAT Brands, Inc., Andrew Wiederhorn, Ron Roe, and Rebecca D. Hershinger. The dismissal was based on the facts and circumstances of the case and evidence developed in discovery.

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What changed

The U.S. Securities and Exchange Commission (SEC) has filed a joint stipulation to dismiss its civil enforcement action against FAT Brands, Inc., Andrew Wiederhorn, Ron Roe, and Rebecca D. Hershinger. The action, initially filed on May 10, 2024, in the Central District of California, was dismissed with prejudice on March 27, 2026, following the development of evidence during discovery.

This dismissal signifies the closure of this specific enforcement matter. While the SEC stated the decision does not reflect its position on other cases, regulated entities should note that the SEC exercises discretion in pursuing enforcement actions based on case specifics and evidence. No further action is required from FAT Brands or the named executives regarding this dismissed case.

Source document (simplified)

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.”