{
Bryant Riley

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}
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b riley chairman expresses regret as franchise group files for bankruptcy

Bryant Riley, co-founder of B. Riley Financial Inc., expressed deep personal distress over the bankruptcy of Franchise Group Inc. (FRG), a year after facilitating a $2.8 billion buyout that became a significant asset for his firm. The Chapter 11 filing has wiped out FRG’s equity, resulting in a $120 million impairment for B. Riley, adding to prior writedowns totaling up to $370 million.
bloomberg.com
United States Dollar B. Riley Financial, Inc. Franchise Group Inc. USA Bryant Riley
Finance & Economy, Market Report
16:24 04.11.2024

bryant riley misreports pledged shares for axos bank loan

Bryant Riley, co-CEO of B. Riley Financial Inc., misreported the number of shares he pledged as collateral for a $45 million loan from Axos Bank. He initially stated that he pledged 4,389,553 shares, which were approved under the company's insider trading policy, according to regulatory filings.
Bloomberg.com
United States Dollar B. Riley Financial, Inc. Axos Bank FSA USA Bryant Riley
Finance & Economy, Press Release
23:30 30.10.2024
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