B. Riley Financial, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 25, 2024 deadline

3/6/24 5:05:19 PM ET

Investment Managers

Finance

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Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, March 06, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises B. Riley Financial, Inc. ("B. Riley" or the "Company") (NASDAQ:RILY) investors that a lawsuit was filed on behalf of investors that purchased B. Riley securities between May 10, 2023 through November 9, 2023, inclusive (the "Class Period").

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

In May 2023, B. Riley supported Brian Kahn in a $2.8 billion management buyout of Franchise Group, Inc., partially financed by Nomura. On November 2, 2023, John Hughes of Prophecy Asset Management was charged with defrauding investors, with Kahn implicated as a co-conspirator on November 3rd. This led to a 21.70% drop in B. Riley shares to $32.54 on November 6th.

On November 9, 2023, B. Riley disclosed complex transactions involving Kahn and subsidiaries in the FRG buyout. The Friendly Bear reported suspicions of manipulation and control by B. Riley, causing B. Riley shares to fall by 14.87% to $25.60 on November 10th, and further to $21.01 on November 13th.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.

Admitted CA and NY Bar

[email protected]

310-692-8883

www.portnoylaw.com

Attorney Advertising

Get the next $RILY alert in real time by email

B. Riley Financial, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 25, 2024 deadline

3/6/24 5:05:19 PM ET

$RILY

Investment Managers

Finance

Get the next $RILY alert in real time by email

Investors can contact the law firm at no cost to learn more about recovering their losses

Please visit our website to review more information and submit your transaction information.

Lesley F. Portnoy, Esq.

Admitted CA and NY Bar

[email protected]

310-692-8883

www.portnoylaw.com

Attorney Advertising

Get the next $RILY alert in real time by email

B. Riley Financial, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 25, 2024 deadline

Crush Q3 2025 with the Best AI Executive Assistant

Recent Analyst Ratings for
$RILY

B. Riley Financial, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 25, 2024 deadline

Crush Q3 2025 with the Best AI Executive Assistant

Recent Analyst Ratings for
$RILY

$RILY
Press Releases

Fastest customizable press release news feed in the world

B. Riley Financial Amends Senior Credit Facility with Oaktree

B. Riley Financial Reduces Debt by Approximately $15 Million via Private Bond Exchange

B. Riley Financial Announces the $117.8 Million Sale of GlassRatner to TorQuest Partners

$RILY
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Kelleher Thomas J /Adv bought $404,392 worth of shares (20,000 units at $20.22) and gifted 4,986 shares (SEC Form 4)

D Agostino Robert P bought $106,143 worth of shares (5,000 units at $21.23), increasing direct ownership by 3% to 160,570 units (SEC Form 4)

Paulson Randall E bought $212,292 worth of shares (10,000 units at $21.23), increasing direct ownership by 3% to 318,979 units (SEC Form 4)

$RILY
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Executive VP and CFO Yessner Scott was granted 100,000 shares (SEC Form 4)

SEC Form 3 filed by new insider Yessner Scott

CFO & Chief Operating Officer Ahn Phillip J. returned $22,414 worth of shares to the company (7,349 units at $3.05), decreasing direct ownership by 3% to 285,122 units (SEC Form 4)

$RILY
SEC Filings

B. Riley Financial Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

B. Riley Financial Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits

$RILY
Financials

Live finance-specific insights

B. Riley Financial Releases Preliminary Estimates of Unaudited Fourth Quarter 2024 Financial Results

B. Riley Financial Announces $160 Million Debt Financing Provided by Oaktree

B. Riley Financial to Report Preliminary Fourth Quarter 2024 Results and Host Update Call for Investors on Monday, March 3rd

$RILY
Leadership Updates

Live Leadership Updates

B. Riley Financial Announces CFO Transition

B. Riley Securities Advances Capital Structure Advisory Efforts with New Senior Hire

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

$RILY
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by B. Riley Financial Inc.

Amendment: SEC Form SC 13D/A filed by B. Riley Financial Inc.

Amendment: SEC Form SC 13D/A filed by B. Riley Financial Inc.

B. Riley Financial, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 25, 2024 deadline

Crush Q3 2025 with the Best AI Executive Assistant

Recent Analyst Ratings for $RILY

B. Riley Financial, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; March 25, 2024 deadline

Crush Q3 2025 with the Best AI Executive Assistant

Recent Analyst Ratings for $RILY

$RILY Press Releases

Fastest customizable press release news feed in the world

B. Riley Financial Amends Senior Credit Facility with Oaktree

B. Riley Financial Reduces Debt by Approximately $15 Million via Private Bond Exchange

B. Riley Financial Announces the $117.8 Million Sale of GlassRatner to TorQuest Partners

$RILY Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Kelleher Thomas J /Adv bought $404,392 worth of shares (20,000 units at $20.22) and gifted 4,986 shares (SEC Form 4)

D Agostino Robert P bought $106,143 worth of shares (5,000 units at $21.23), increasing direct ownership by 3% to 160,570 units (SEC Form 4)

Paulson Randall E bought $212,292 worth of shares (10,000 units at $21.23), increasing direct ownership by 3% to 318,979 units (SEC Form 4)

$RILY Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Executive VP and CFO Yessner Scott was granted 100,000 shares (SEC Form 4)

SEC Form 3 filed by new insider Yessner Scott

CFO & Chief Operating Officer Ahn Phillip J. returned $22,414 worth of shares to the company (7,349 units at $3.05), decreasing direct ownership by 3% to 285,122 units (SEC Form 4)

$RILY SEC Filings

B. Riley Financial Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

B. Riley Financial Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits

$RILY Financials

Live finance-specific insights

B. Riley Financial Releases Preliminary Estimates of Unaudited Fourth Quarter 2024 Financial Results

B. Riley Financial Announces $160 Million Debt Financing Provided by Oaktree

B. Riley Financial to Report Preliminary Fourth Quarter 2024 Results and Host Update Call for Investors on Monday, March 3rd

$RILY Leadership Updates

Live Leadership Updates

B. Riley Financial Announces CFO Transition

B. Riley Securities Advances Capital Structure Advisory Efforts with New Senior Hire

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

$RILY Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by B. Riley Financial Inc.

Amendment: SEC Form SC 13D/A filed by B. Riley Financial Inc.

Amendment: SEC Form SC 13D/A filed by B. Riley Financial Inc.

Recent Analyst Ratings for
$RILY

Recent Analyst Ratings for
$RILY

$RILY
Press Releases

$RILY
Insider Purchases

$RILY
Insider Trading

$RILY
SEC Filings

$RILY
Financials

$RILY
Leadership Updates

$RILY
Large Ownership Changes