RILY - SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in B. Riley Financial Inc. of Class Action Lawsuit and Upcoming Deadlines – RILY | Benzinga
NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) and certain officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 24-cv-02121, is on behalf of persons and entities that purchased or otherwise acquired B. Riley securities between February 28, 2022 and November 9, 2023, inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired B. Riley securities during the Class Period, you have until March 25, 2024 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
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. B. Riley's clients include public and private companies, financial sponsors, investors, financial institutions, and individuals.
Brian Kahn ("Kahn") is a client of B. Riley. Kahn is the Chief Executive Officer of Franchise Group, Inc. f/k/a Liberty Tax ("FRG"), which B. Riley has had dealings with since at least 2018. B. Riley has provided significant funds to FRG and/or one or more of its subsidiaries, and/or other entities controlled by Kahn, since at least December 2021. FRG is a holding company which acquires and manages companies, primarily franchises. FRG's businesses include Vitamin Shoppe, Pet Supplies Plus, and Buddy's Newco LLC (d/b/a Buddy's Home Furnishings) ("Buddy's"), among others.
In May 2023, B. Riley entered ...