Last $0.19 USD
Change Today +0.02 / 11.76%
Volume 13.1K
FCCG On Other Exchanges
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As of 8:10 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

fog cutter capital group inc (FCCG) Key Developments

Fog Cutter Capital Group Inc. Settles $5 Million Lawsuit with American Industries Corp

American Industries Corp. settled a $5 million lawsuit with Andrew Wiederhorn over several unpaid loans. American Industries sued Wiederhorn and Fog Cutter Capital Group Inc. in March over several unpaid promissory notes. American Industries sued Wiederhorn and Fog Cutter Capital Group Inc. in March over several unpaid promissory notes. Wiederhorn is CEO of Southern California-based Fog Cutter, whose primary holding is the Fatburger fast food chain. Wiederhorn disputed the lawsuit and said he pledged collateral for the loans that exceeded the amount owed on the promissory notes. The lawsuit was filed shortly after Wiederhorn and Fog Cutter wrapped up a contentious bankruptcy in which unsecured creditors alleged he fraudulently transferred millions of dollars out of two bankrupt companies he controlled.

 

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