B. Riley Financial, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of B. Riley Financial, Inc. (NASDAQ: RILY) between May 10, 2023 and November 9, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2024.

If you purchased B. Riley Financial, Inc. common stock during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:May 10, 2023 through November 9, 2023
If you purchased B. Riley common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:

  • Brian Kahn, Chief Executive Officer of Franchise Group, Inc. (“FRG”), had been credibly implicated in a conspiracy to defraud investors of millions of dollars;
  • in spite of this involvement, B. Riley continued to finance the transaction enabling Brian Kahn and others to take FRG private through complex arrangements;
  • the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley; and
  • as a result of the foregoing, defendants’ positive statements about B. Riley’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: B. Riley Financial, Inc.
Stock Symbol: RILY
Class Period: United States District Court Central District of California
Court: May 10, 2023 through November 9, 2023

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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