Former Fatburger CEO Andy Wiederhorn sees charges dropped by the Justice Department. He was indicted for a $47 million loan scheme in May 2024 but now all charges have been dismissed. Wiederhorn maintains his innocence and looks forward to focusing on FAT Brands’ growth. Shares of Fat Brands rose 7% post-announcement, with a market cap under $43 million.

Read more at CNBC: DOJ drops charges against Fat Brands, Andy Wiederhorn