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Fat Brands sued by lender over cash use during bankruptcy
Yahoo Finance· 2026-02-19 17:24
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. 352 Capital, one of Fat Brands’ creditors, sued the company last week to contest Fat’s attempt to use management fees and other cash to fund operations during the company’s Chapter 11 bankruptcy process. At issue is Fat’s proposed use of securitization receivables, defined as “certain management fees and other residual amounts payable to FAT Brands as manage ...