December 17, 2025 - United States Attorney for the Southern District of New York, Jay Clayton, announced today the unsealing of an Indictment charging Daniel Chu, the founder and former CEO of Tricolor Holdings LLC, with orchestrating a years-long financial crimes enterprise that defrauded multiple banks and other private credit providers. Chu and David Goodgame, Tricolor’s former COO, are also charged with bank fraud and wire fraud offenses in connection with schemes to frau

December 19, 2025 - Shareholder Kevin Gordon has filed a lawsuit against Fat Brands in Delaware court, accusing the company—which owns chains like Fatburger and Fazoli’s—of masking severe cashflow problems through short-term borrowing and up to $15 million in high-interest merchant cash advances while funneling money to insiders. The suit alleges that Fat Brands artificially boosted its reported liquidity, approved post-spin-off bonuses, and improperly excluded certain bond t