RILY - INVESTOR REMINDER: Berger Montague Notifies B. Riley Financial Inc. (NASDAQ: RILY) Investors of a Class Action Lawsuit and Deadline | Benzinga

PHILADELPHIA, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Berger Montague advises investors that a securities fraud class action lawsuit has been filed against B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) on behalf of purchasers of B. Riley's common stock between May 10, 2023 and November 9, 2023, inclusive (the "Class Period").

Investor Deadline: Investors who purchased or acquired B. Riley securities during the Class Period may, no later than March 25, 2024, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation, please contact Berger Montague: James Maro at jmaro@bm.net or (267) 637-3176, or Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or CLICK HERE.

B. Riley is a financial services platform. The Company, through its subsidiaries, provides such services as investment banking, brokerage, wealth management, asset management, direct lending, business advisory, valuation, and asset disposition.

In May 2023, B. Riley entered into an agreement to assist its client Brian Kahn ("Kahn") in leading a management buyout of Franchise Group, Inc. ("FRG"), of which Kahn was the Chief Executive Officer. The $2.8 billion deal to take FRG private was completed on August 21, 2023. The transaction was partially financed by Nomura Holdings Inc. ("Nomura") via B. Riley, who secured the financing that allowed Kahn and other members of FRG's senior management acquire the remaining 64% stake that they did not already ...

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