NEW YORK, Feb. 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of B. Riley Financial, Inc. (NASDAQ:RILY), and Evolution AB (publ) (OTC:EVVTY, EVGGF)). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
B. Riley Financial, Inc. (NASDAQ:RILY)
Class Period: May 10, 2023 and November 9, 2023 (Common Stock Only)
Lead Plaintiff Deadline: March 25, 2024
According to the filed complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, 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; (3) that the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
For more information on the B. Riley class action go to: https://bespc.com/cases/RILY
Evolution AB (publ) (OTC:EVVTY, EVGGF))
Class Period: February 14, 2019 - October 25, ...