B. Riley plunges after Franchise Group files for bankruptcy protection [Yahoo! Finance Canada]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Yahoo! Finance Canada
It went private last year in a management-led buyout backed by B. Riley. The deal had attracted scrutiny from shareholders and regulators. B. Riley did not respond to a Reuters request for comment outside business hours. The bank had warned in August it could report a markdown of $330 million to $370 million in the second quarter related to the investment. At the time, the bank had said the write-down was driven by a "confluence of recent events", including the impact of a meaningfully weaker consumer spending environment on Franchise's businesses and its investments. In July, B. Riley and its CEO received subpoenas from the SEC, primarily related to the bank's dealings with Franchise's former CEO, Brian Kahn. Bloomberg News reported in November that Kahn was a co-conspirator in a securities fraud involving Prophecy Asset Management. Kahn has denied the allegations made in the report, saying he never knew Prophecy Asset was allegedly defrauding investors. An external in
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RILY
News
- Laconic Announces Joseph Niciforo as its New Chairman of the Board [Yahoo! Finance]Yahoo! Finance
- B. Riley Financial, Inc. (NASDAQ: RILY) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley [Yahoo! Finance]Yahoo! Finance
- AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way [CNBC]CNBC
- The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. RileyPR Newswire
RILY
Sec Filings
- 11/14/24 - Form 13F-HR
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form 8-K
- RILY's page on the SEC website