Tattooed Chef ($TTCF) Investor Settlement
Tattooed Chef ($TTCF) has reached a settlement with investors to resolve claims that it misrepresented its financial condition, overstated revenues, and concealed serious accounting issues following its SPAC merger in 2020.
Outline:
Tattooed Chef became public in October 2020 through a SPAC merger. Investors claim the company later disclosed major accounting errors and internal control failures that led to restated financials. The disclosures were followed by stock declines, executive departures, and a Chapter 11 bankruptcy filing in 2023. The settlement resolves investor claims tied to the company’s financial reporting and related public statements.
Timeline:
October 2020 — Tattooed Chef went public via SPAC merger with Forum Merger II.
May 2022 — The company revealed material weaknesses in internal control over financial reporting.
March 2023 — Tattooed Chef announced it would restate previously issued financial statements for 2021 and 2022 due to accounting errors.
July 2023 — The company filed for Chapter 11 bankruptcy.
December 2023 — Shareholders filed a lawsuit claiming misrepresentations in SEC filings and financial disclosures.
January 2026 — Tattooed Chef agreed to a settlement to resolve investor claims.
Background:
Tattooed Chef entered the public markets through a 2020 SPAC merger, highlighting growth plans for its plant-based products and expansion across major retailers.
Investors claim that, over time, the company’s public reporting did not reflect serious weaknesses in its financial reporting processes. In 2022, Tattooed Chef disclosed material weaknesses in internal controls tied to financial close and reporting.
The company later identified accounting issues affecting areas such as inventory, cost of goods sold, and expenses. In March 2023, Tattooed Chef announced it would restate financial statements for 2021 and 2022 and cautioned that prior reports should no longer be relied upon.
As these issues surfaced, leadership changes followed, including the resignation of key finance executives. By July 2023, Tattooed Chef filed for Chapter 11 bankruptcy, and investors contend the stock’s value deteriorated sharply.
The lawsuit centers on claims that investors were misled about Tattooed Chef’s accounting practices, financial condition, and business outlook in the period following the SPAC merger.
What Can Investors Expect Now?
Tattooed Chef ($TTCF) has reached a settlement with investors to resolve claims that it misrepresented its financial condition, overstated revenues, and concealed serious accounting issues following its SPAC merger in 2020.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.
Frequently Asked Questions
All persons or entities who purchased or otherwise acquired publicly traded Tattooed Chef securities between December 15, 2020 and November 28, 2022 inclusive
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.