B. Riley Financial, Inc. (RILY) Class Action Lawsuit Filed on Behalf of Investors Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

Globe Newswire 1-Mar-2024 11:16 AM

ATLANTA, March 01, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material information regarding the Company's business, operations, and prospects, including allegations that: (1) Franchise Group, Inc.'s ("FRG") CEO, who is a client of B. Riley, 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 FRG's CEO and others to take FRG private through complex arrangements; and (3) that the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley.

If you bought B. Riley shares between May 10, 2023 and November 9, 2023, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm's website at www.holzerlaw.com/case/b-riley/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is March 25, 2024.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.?More information about the firm is available through its website,?www.holzerlaw.com,?and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.? 

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com