CALIFORNIA CITY, CA, September 1, 2024 (Newswire.com)
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The Shareholders Foundation, Inc. announces an update in the lawsuit that is pending for certain investors in B. Riley Financial, Inc. (NASDAQ: RILY) shares. Investors in NASDAQ: RILY shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The Shareholders Foundation, Inc. announces an update in the lawsuit that is pending for certain investors in B. Riley Financial, Inc. (NASDAQ:RILY) shares.
Investors who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) and continue to hold any of those NASDAQ: RILY shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
On January 24, 2024, an investor in NASDAQ: RILY shares filed a lawsuit against B. Riley Financial, Inc. over alleged securities laws violations. The plaintiff alleged that the defendants failed to disclose to investors that Brian Kahn had been credibly implicated in a conspiracy to defraud investors of millions of dollars, that, in spite of this involvement, B. Riley continued to finance the transaction enabling Kahn and others to take FRG private through complex arrangements, that the foregoing was reasonably likely to draw regulatory scrutiny to B. Riley, and that, 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.
On August 08, 2024, the court issued an order consolidating multiple cases that were filed against B. Riley Financial, Inc.
Those who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact Information
Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
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