RILY - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Investigating RILY and Encourages RILY Investors Who Suffered Substantial Losses to Contact Firm's Attorneys | Benzinga
SAN FRANCISCO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ:RILY) investors who suffered substantial losses to submit your losses now.
Visit: www.hbsslaw.com/investor-fraud/RILY
Contact An Attorney Now: RILY@hbsslaw.com
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B. Riley Financial, Inc. (NASDAQ:RILY) Investigation:
The investigation focuses on the accuracy of B. Riley's statements concerning Franchise Group ("FRG").
On Aug. 28, 2023, B. Riley announced it invested $216.5 million in an equity financing to facilitate the $2.8 billion management-led acquisition of FRG, which was completed on Aug. 21, 2023.
Questions about B. Riley's FRG investment began to arise on Nov. 2, 2023, when the DOJ announced that co-founder of hedge fund Prophecy Asset Management John Hughes had pled guilty to conspiring to defraud dozens of victim investors out of $294 million. Bloomberg later reported that FRG's CEO Brian Kahn is one of two co-conspirators and Reuters reported that Hughes named Kahn ...