NEW YORK, NY / ACCESSWIRE / February 10, 2024 / If you have suffered a loss on your B. Riley Financial, Inc. (NASDAQ:RILY) and would like to learn more about a potential takeover under the federal securities laws, follow the link below for more information:
or contact Joseph E. Levi, Esq. by email at [email protected] or call (212) 363-7500 to speak with our team of experienced shareholder advocates.
THE TRIAL : A securities class action lawsuit has been filed against B. Riley Financial, Inc. seeking to recover losses from shareholders who were harmed by alleged securities fraud between May 10, 2023 and November 9, 2023.
CASE DETAILS: The complaint filed alleges that Defendants made false statements and/or concealed the following: (1) Brian Kahn, a client of the Company, had been credibly involved in a conspiracy to defraud investors of millions of dollars ; (2) despite this involvement, B. Riley continued to finance the transaction allowing Kahn and others to take Franchise Group, Inc. private through complex arrangements; (3) the foregoing was reasonably likely to attract regulatory scrutiny to B. Riley; and (4) as a result of the foregoing, Defendants' positive statements regarding the Company's business, operations and prospects were materially misleading and/or lacked a reasonable basis.
AND AFTER? If you suffered a loss on B. Riley shares during the relevant period – even if you still own your shares – go to to know your rights to seek compensation. There is no cost or obligation to participate.
WHY LÉVI & KORSINSKI: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally recognized securities litigation firm that has obtained hundreds of millions of dollars for injured shareholders and amassed a track record of victories in high-stakes cases. The firm has extensive expertise in representing investors in complex securities litigation and a team of more than 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the United States. Lawyer advertising. Previous results do not guarantee similar results.
SOURCE: Levi & Korsinsky, LLP
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