RILY - B. Riley (RILY) Falls Again After WSJ Report About Secret Purchase of $64M of FRG Management's Rollover Shares - Hagens Berman | Benzinga

SAN FRANCISCO, Feb. 16, 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:

The accuracy of B. Riley's disclosures about its involvement in a client's (Franchise Group or "FRG") Aug. 21, 2023 $2.8 billion take-private transaction and its arrangements with FRG's now former CEO (Brian Kahn) has again come into question.

Specifically, on Feb. 12, 2024, after the market closed, The Wall Street Journal published an article entitled "Unraveling the Money Trail at B. Riley Financial." In it, the WSJ observed that, in an Aug. 28, 2023 press release, B. Riley said it invested $216.5 million of new capital in the FRG transaction in contrast to the company's later Nov. 9, 2023 disclosure that ...

RILY) Falls Again After WSJ Report About Secret Purchase of $64M of FRG Management's Rollover Shares - Hagens Berman>Full story available on Benzinga.com