The Schall Law Firm, a renowned national shareholder rights litigation firm, is reminding investors about an ongoing class action lawsuit against B. Riley Financial, Inc. (“B. Riley” or “the Company”) (NASDAQ: RILY). The lawsuit alleges violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased B. Riley’s securities between May 10, 2023, and November 9, 2023, are encouraged to contact the firm before March 25, 2024.
The Schall Law Firm, led by Brian Schall, offers free consultations to investors who suffered losses during the specified period. Investors can reach out to the firm through their website or by contacting Brian Schall directly. It’s important to note that the class in this case has not yet been certified, and until certification occurs, investors are not represented by an attorney. However, if investors choose to take no action, they can remain an absent class member.
According to the Complaint, B. Riley Financial made false and misleading statements to the market during the class period. The Company’s client, Brian Kahn, was implicated in a scheme to defraud investors out of millions of dollars. Despite this revelation, B. Riley continued its relationship with Kahn, even financing his deal to take Franchise Group, Inc. (“FRG”) private. As a result, the Company was likely to face regulatory scrutiny due to its association with Kahn. These false and materially misleading statements by B. Riley caused damages to investors when the truth was revealed.
The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors worldwide. They are committed to seeking justice for investors who have suffered losses due to securities violations. Investors who believe they have been affected by B. Riley Financial’s actions during the specified period are encouraged to join the case to potentially recover their losses.
Please note that this press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Contact:
The Schall Law Firm
Brian Schall, Esq.
Website: www.schallfirm.com
Office: 310-301-3335
Email: info@schallfirm.com
Source: The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/200002.
In this article, we highlight the ongoing class action lawsuit against B. Riley Financial, Inc. The Schall Law Firm is reminding investors about the lawsuit, which alleges violations of securities laws. Investors who purchased B. Riley’s securities during the specified period are encouraged to contact the firm before March 25, 2024. The Schall Law Firm, led by Brian Schall, specializes in securities class action lawsuits and shareholder rights litigation. They offer free consultations to investors who suffered losses and are committed to seeking justice for affected investors.
