NEW YORK,
March 5,
2024 /PRNewswire/ -- The Gross Law Firm issues the
following notice to shareholders of B. Riley Financial,
Inc.
Shareholders who purchased shares of RILY during
the class period listed are encouraged to contact the firm
regarding possible lead plaintiff appointment. Appointment as lead
plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/b-riley-loss-submission-form/?id=69061&from=4
CLASS PERIOD: May
10, 2023 to November 9,
2023
ALLEGATIONS: The complaint
alleges that during the class period, Defendants
issued 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.
DEADLINE: March 25,
2024 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/b-riley-loss-submission-form/?id=69061&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you
register as a shareholder who purchased shares of RILY during the
timeframe listed above, you will be enrolled in a portfolio
monitoring software to provide you with status updates throughout
the lifecycle of the case. The deadline to seek to be a lead
plaintiff is March 25, 2024. There is
no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
a nationally recognized class action law firm, and our mission is
to protect the rights of all investors who have suffered as a
result of deceit, fraud, and illegal business
practices. The Gross Law Firm is committed to ensuring that
companies adhere to responsible business practices and engage in
good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
