RILY - B. Riley (RILY) Down 53% Year-to-Date Amid Securities Class Action And SEC Investigation Into Ties With Client Allegedly Linked To Securities Fraud - Hagens Berman | Benzinga

SAN FRANCISCO, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ:RILY) investors who suffered substantial losses to submit your losses now.

Class Period: May 10, 2023 – Nov. 9, 2023
Lead Plaintiff Deadline: Mar. 25, 2024
Visit: www.hbsslaw.com/investor-fraud/RILY
Contact An Attorney Now: RILY@hbsslaw.com
                                               844-916-0895

B. Riley Financial, Inc. (NASDAQ:RILY) Securities Fraud Class Action:

On Jan. 22, 2023, B. Riley shares dropped further news that Brian Kahn was stepping down as CEO of Franchise Group ("FRG"), just months after B. Riley assisted him with a leveraged buyout of the firm.

Kahn's departure followed reports from media outlets that the SEC is investigating B. Riley and its relationship with Kahn.

In Aug. 2023, B. Riley assisted Kahn, the then-CEO of FRG, in the $2.8 billion management-led buyout of FRG. B. Riley reportedly invested $216.5 million in an equity financing to facilitate the transaction.

B. Riley's ...

RILY) Down 53% Year-to-Date Amid Securities Class Action And SEC Investigation Into Ties With Client Allegedly Linked To Securities Fraud - Hagens Berman>Full story available on Benzinga.com