B. Riley Financial, Inc.

Passed

Class Action Period:
February 28, 2022 - November 09, 2023

Lead Plaintiff Deadline:
March 25, 2024

Case Form

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Allegations

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.

Eligibility

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

Lead Plaintiff Deadline

If you suffered a loss in B. Riley during the relevant time frame, 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.