B. Riley Financial, Inc. Class Action Lawsuit - RILY

The filed complaint alleges that B. Riley Financial, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Brian Kahn, a client of the Company, had been credibly implicated in a conspiracy to defraud investors of millions of dollars; (2) in spite of this involvement, B. Riley continued to finance the transaction enabling Kahn and others to take Franchise Group, Inc. private through complex arrangements; (3) the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley; and (4) 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.

In order to be eligible to join the RILY class action lawsuit, you must have incurred a loss on shares of B. Riley purchased during the class period listed above.

If you suffered a loss in B. Riley during the relevant time frame or pursuant to the relevant offering(s), you have until March 25, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.