B. Riley Financial Faces Multiple Class Action Lawsuits Over Alleged Misconduct

Investors allege B. Riley Financial misrepresented its involvement in a client's buyout, leading to significant stock price declines and regulatory scrutiny.

• B. Riley Financial is under investigation for its role in the $2.8 billion buyout of Franchise Group, with allegations of undisclosed transactions and potential regulatory scrutiny.
• The Wall Street Journal reported a $64 million investment understatement by B. Riley in the Franchise Group buyout, raising questions about its disclosures.
• Multiple law firms have filed class action lawsuits against B. Riley, alleging the company misled investors about its financial involvement and the risks associated.
• B. Riley's stock has experienced significant declines following reports of its undisclosed transactions and the subsequent legal and regulatory challenges.
• Investors have until March 25, 2024, to join the class action lawsuits, with law firms urging those affected to submit their losses.

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