RILY - Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against B. Riley Financial Inc. (RILY) | Benzinga

SAN DIEGO, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired B. Riley Financial, Inc. (NASDAQ:RILY) stock between May 10, 2023 and November 9, 2023. B. Riley is a financial services platform. The Company, through its subsidiaries, provides services including, investment banking, brokerage, wealth management, asset management, direct lending, business advisory, valuation, and asset disposition.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: B. Riley Financial, Inc. (RILY) Misled Investors Regarding its Business Prospects

According to the complaint, during the class period, defendants failed to disclose to investors: (1) that Brian Kahn had been credibly implicated in a conspiracy to defraud investors of millions of dollars; (2) that, in spite of this involvement, B. Riley continued to finance the transaction enabling Kahn and others to take FRG private through complex arrangements; and (3) that the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley.

Plaintiff alleges that in May 2023, B. Riley entered ...

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