PR Newswire
NEW YORK
, March 3, 2025 /PRNewswire/ — Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:
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B RILEY FINANCIAL, INC. (NASDAQ: RILY)
Investors who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) prior to May 2023 and continue to hold any of those shares should contact [email protected]
Franchise Group, Inc. (“FRG”) is a holding company which acquires and manages companies, primarily franchises. FRG is a client of B. Riley Financial, Inc.
In May 2023, B. Riley Financial, Inc. entered into an agreement to assist the CEO of FRG in leading a management buyout of FRG. The $2.8 billion deal was completed on August 21, 2023.
The investigations concerns a failure to disclose to investors that Brian Kahn had been credibly implicated in a conspiracy to defraud investors of millions of dollars, that, in spite of this involvement, B. Riley continued to finance the transaction enabling Kahn and others to take FRG private through complex arrangements, that the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley, and 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. Over the last 12 months, RILY stock is down over 70%.
If you own B RILEY FINANCIAL, INC. (NASDAQ: RILY) shares, you are encouraged to contact us at [email protected] or call (212) 709-8245. You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff contingency litigation law firm for investors. We pride ourselves on 24/7 availability, same day email responses, and constant case updates. You do what we say.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005
(212) 709-8245
[email protected]
www.fmoorelaw.com
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SOURCE Moore Law PLLC
