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Stock impact report

B. Riley-Backed Franchise Group Files for Bankruptcy Protection [Yahoo! Finance]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Yahoo! Finance
months of losses and turmoil surrounding its founder and its backer B. Riley Financial Inc. Most Read from Bloomberg Istanbul Tries Free Public Transit to Help Job Seekers The Answer To Making Cities More Family-Friendly? Courtyards Is Denver's Big Bet on E-Bikes Paying Off? In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow The company, also known as FRG, filed under Chapter 11 in Delaware, listing assets and liabilities each between $1 billion and $10 billion. Bloomberg News, citing people with knowledge of the matter, reported late Saturday that FRG was preparing to hand control to lenders including HPS Investment Partners after months of negotiations with the group over a restructuring. FRG's troubles have been at the center of turmoil surrounding Los Angeles-based B. Riley, the investment and brokerage firm that helped arrange a $2.8 billion buyout of the company last year. The buyout wa Show less Read more
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