The Southern Company, FAT Brands, and their auditors have each been the subject of class-action lawsuits in recent years. Attorneys file these lawsuits on behalf of shareholders when share prices drop dramatically.

a. Explain why class-action lawsuits typically involve enormous sums of money. 

b. Use Internet resources and take a screen shot of the 5-year stock price of:

i. The Southern Company 

ii. FAT Brands 

iii. Comment on the stock price decline leading to each class-action lawsuit and discuss how the stock has behaved since that time.

c. Use Internet resources to investigate whether and how the class-action lawsuit for each of these companies affected their respective audit firms.