B. Riley Financial(RILY)

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Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties and Encourages Shareholders to Reach Out for Their Options
GlobeNewswire News Room· 2024-10-22 14:21
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 ...
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GuruFocus· 2024-10-09 21:13
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 ...
Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties and Encourages Shareholders to Reach Out for Their Options
GlobeNewswire News Room· 2024-10-02 17:44
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 ...
RILY INVESTIGATION ALERT: Johnson Fistel LLP Investigates B. Riley Financial Directors and Officers for Breach of Fiduciary Duties
GlobeNewswire News Room· 2024-09-23 14:12
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 ...
B. Riley Financial Provides Update on Strategic and Financing Initiatives
Prnewswire· 2024-09-09 11:00
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 ...
SEC probe of B. Riley widens as struggling firm's stock drops more than 50% on profit warning
New York Post· 2024-08-12 19:54
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 ...
B. Riley Financial Is Plunging. Why Is RILY Stock Down 52% Today?
Investor Place· 2024-08-12 18:11
B. Riley Financial (NASDAQ:RILY) stock is taking a beating on Monday after the financial services company provided its latest preliminary earnings results to investors. These preliminary results include a net loss per share of $14 to $15 per share. This is due to its net loss for the quarter coming in between $435 million and $475 million. These losses come as the company expects an impairment charge of $330 million to $370 million from its investment in Freedom VCM. It's also expecting an impairment charge ...
Crude Oil Surges 2%; B. Riley Financial Shares Plunge
Benzinga· 2024-08-12 16:00
Market Overview - U.S. stocks showed mixed trading patterns, with the Nasdaq Composite gaining approximately 0.2% while the Dow fell by 0.39% to 39,341.75 and the S&P 500 dropped 0.02% to 5,342.9 [1] - Information technology shares increased by 1% on Friday, while real estate shares declined by 1.1% [1] Company Highlights - KE Holdings (BEKE) reported second-quarter financial results that exceeded expectations and announced an increase in its repurchase authorization [1] - Greenlane Holdings, Inc. (GNLN) saw its shares surge by 220% to $8.17 after announcing a non-binding letter of intent to become the exclusive U.S. distributor of Safety Strips [2] - Revance Therapeutics, Inc. (RVNC) shares rose by 86% to $6.57 following a merger agreement with Crown Laboratories [2] - Interactive Strength Inc. (TRNR) shares increased by 58% to $0.55 after receiving approval for continued listing on the Nasdaq [2] Declining Companies - B. Riley Financial, Inc. (RILY) shares plummeted by 56% to $7.52 after reporting preliminary second-quarter financial results [3] - Neuronetics, Inc. (STIM) shares fell by 55% to $0.79 due to worse-than-expected second-quarter results and lower third-quarter revenue guidance [3] - iLearningEngines, Inc. (AILE) shares decreased by 40% to $3.46 ahead of its second-quarter financial results announcement [3]
Why B. Riley Financial Shares Are Plunging Today
The Motley Fool· 2024-08-12 15:39
The company suspended its dividend and is reportedly the subject of a federal probe. Riley Financial (RILY -56.93%) said it expects to post a massive loss in its most recent quarter and suspended its dividend. The investment firm is also reportedly in the crosshairs of U.S. government investigators. On Monday morning, shareholders stampeded for the exits. Shares of B. Riley traded down 46% as of 10:30 Eastern. Losses and investigations Riley prereleased second-quarter results, and the numbers are not pretty ...
Store Closing Sales Commence Across Conn's HomePlus and Badcock Home Furniture & More Locations
Prnewswire· 2024-07-25 16:00
Store Closing Sale Overview - Conn's HomePlus and Badcock Home Furniture & more locations are conducting store closing sales with initial discounts of 30-50% off across all merchandise, both in-store and online [1][3] - The liquidation event is managed by B Riley Retail Solutions, LLC and spans over 550 stores across 15 states, including Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia [1] - Store furnishings, fixtures, and equipment are also available for sale [1] Product Offerings - The sale includes a wide array of quality furnishings for every room in the home, including brand name appliances and electronics at unprecedented discounts [2][3] - Top-selling appliances and electronics include refrigerators, ranges and stovetops, dishwashers, washers and dryers, TVs, home theater audio and video electronics and mounts, fitness equipment, smart home accessories, as well as computer desktops, laptops, printers and other popular computer and gaming accessories [4] Sale Terms and Conditions - All sales are final during this store closing event, with no returns or exchanges permitted for purchases made during the sale [5] - Customers are encouraged to shop early to take advantage of the best selection of merchandise before it sells out, as all items must be sold [7] Company Background - B Riley Retail Solutions, LLC is a subsidiary of B Riley Financial (Nasdaq: RILY), a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners [8] - The firm is a leading provider of asset disposition services specializing in large-scale retail liquidations, efficiently leveraging its sector expertise and deploying resources to assist companies, lenders, capital providers, private equity investors, and professional services firms in maximizing the value of their assets [8]