SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders. What can I do?   If you are a current shareholder, you may have legal claims that may be brought on behalf of the company, against B. Riley’s directors and officers. If you wish to discuss this noti ...

Release Date: August 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Operating adjusted EBITDA is expected to be in the range of $50 million to $55 million, indicating consistent contribution from core businesses. The company is focused on maximizing value from existing principal positions and has a strategic review process for the Great American Group business. B. Riley Financial Inc (RILY, Financial) has a strong history of retu ...

SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders. What can I do? If you are a current shareholder, you may have legal claims that may be brought on behalf of the company, against B. Riley's directors and officers. If you wish to discuss this notice ...

SAN DIEGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders. What can I do? If you are a current shareholder, you may have legal claims that may be brought on behalf of the company, against B. Riley's directors and officers. If you wish to discuss this notic ...

Negotiating Sale of Majority Stake in Great American Group at $380 Million Enterprise Value and Financing of Brands Portfolio for $236 Million Anticipates Receiving Approximately $410 Million of Gross Cash Proceeds from Two Transactions Intends to Use Majority of Proceeds to Reduce Nomura Senior Secured Debt to Approximately $125 Million by End of 2024; Anticipates Using Cash on Hand and Proceeds from Other Asset Sales to Repay All 2025 Maturities Cumulative Actions, If Completed, Would Result in Strengthen ...

LOS ANGELES, Aug. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced that its Board of Directors has received an unsolicited preliminary, non-binding letter of proposal, dated August 16, 2024, from the Company's founder, chairman and co-CEO, Bryant Riley, to acquire the outstanding shares of the Company not currently owned by Mr. Riley, in a transaction to take the Company private, at a proposed purchase price of $7.00 per share. According to the proposal, Mr. Riley i ...

B. Riley Financial's co-founder and co-CEO, Bryant Riley, disclosed on Friday that he has proposed to buy the investment bank, in a dramatic end to a punishing week that wiped out nearly $360 million in market value. The take-private bid comes after several months of turmoil stemming from the bank's association with Vitamin Shoppe-owner Franchise Group, which attracted scrutiny from investors and regulators. Riley, who is also the largest shareholder with a 24% stake, has offered $7 each for the shares he d ...

iQoncept/iStock via Getty Images Performance Assessment My last article on B Riley (NASDAQ:RILY) and its whole gamut of securities expressed a very contrarian 'Strong Sell' view to the Seeking Alpha community. I liked reading, engaging and also learning from others in the lively comments section. From a performance perspective, it looks like the market has adjudged my assessments to be accurate as the stock has fallen 64.35% since: About This Article ছ Performance since Author's Last Update on B Riley (Seek ...

B. Riley Financial Inc (NASDAQ:RILY) Q2 2024 Results Conference Call August 12, 2024 8:30 AM ET Company Participants Bryant Riley - Co-Founder, Chairman & Co-CEO Operator Good morning, and welcome to the B. Riley Financial Investor Call. Earlier today, B. Riley issued a press release detailing its preliminary results for the second quarter of 2024, which can be found on its Investor Relations website at ir.brileyfin.com. Today's call includes prepared remarks from the company followed by a question-and-a se ...

The feds have widened a probe of financial irregularities at B. Riley, sources told The Post — even as the struggling Wall Street firm suspended its dividend and warned on profits Monday, sending its stock tumbling more than 50%. Short sellers in June and July continued to deliver information on B. Riley to the Securities and Exchange Commission — and the SEC has asked them for additional material in a continuing probe, according to emails and texts reviewed by The Post. SEC investigators are interested in ...