RILY - Why B. Riley Financial Stock Is Up Today | Benzinga
B. Riley Financial, Inc. (NASDAQ:RILY) shares are trading higher Wednesday after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Brian Kahn or any of his affiliates.
The Details:
B. Riley engaged Winston & Strawn LLP as independent counsel to assist the Audit Committee in conducting an investigation of the historical relationship between the company and Brian Kahn, as well as certain related allegations asserted against the company by certain short sellers.
The company also noted the independent investigation was conducted subsequent to the company’s February 22 disclosure of the internal review performed with the assistance of Sullivan & Cromwell LLP as outside counsel.
B. Riley shares are moving ...