Press release
March 25th Deadline in Lawsuit for Investors who lost money with shares of B. Riley Financial, Inc. (NASDAQ: RILY) coming up
A Deadline is coming up on March 25, 2024 in the lawsuit for certain investors in B. Riley Financial, Inc. (NASDAQ: RILY).
Investors who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) have certain options and there are strict and short deadlines running. Deadline: March 25, 2024. B. Riley Financial, Inc. (NASDAQ: RILY) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of B. Riley Financial, Inc. (NASDAQ: RILY) common shares between May 10, 2023 and November 9, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 10, 2023 and November 9, 2023, 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.
Those who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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