Lawsuit Pending for Investors in B. Riley Financial, Inc. (NASDAQ: RILY) Shares – Contact Shareholders Foundation for Options

Investors in B. Riley Financial, Inc. (NASDAQ: RILY) are currently facing a lawsuit that alleges securities laws violations by the company. The lawsuit, filed by a NASDAQ: RILY investor on January 24, 2024, claims that B. Riley Financial failed to disclose important information to investors, including allegations of involvement in a conspiracy to defraud investors of millions of dollars.

The plaintiff in the lawsuit also alleges that despite these allegations, B. Riley continued to finance transactions that enabled individuals implicated in the fraud to take the company private. The lawsuit further claims that these actions were likely to draw regulatory scrutiny to B. Riley and that the company’s positive statements about its business, operations, and prospects were misleading.

In response to the lawsuit, the court issued an order on August 08, 2024, consolidating multiple cases filed against B. Riley Financial, Inc. Investors who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) prior to May 2023 and continue to hold those shares are encouraged to contact the Shareholders Foundation, Inc. for more information on their options.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that provides research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal news related to the stock and financial market. Investors should be aware that the Shareholders Foundation, Inc. is not a law firm and any referenced cases, investigations, or settlements are not directly related to the organization.

For more information on the pending lawsuit against B. Riley Financial, Inc. and how it may impact investors, please contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

Source: Shareholders Foundation, Inc.