BRiley

B. Riley Takes Legal Action Against Former Banking Head Over Alleged Theft of Trade Secrets

4 days ago

In a significant legal move, B. Riley Financial Inc. has initiated a lawsuit against its former head of banking, Michael C. J. Tully. The firm accuses Tully of misappropriating sensitive trade secrets during his time at the company, raising substantial concerns about the breach of confidentiality and professional ethics within corporate environments.

B. Riley-Backed Franchise Group on Brink of Bankruptcy Filing

2 months ago

In a significant development within the franchise industry, a group backed by financial services firm B. Riley is preparing to file for bankruptcy protection. The impending filing underscores the ongoing challenges facing franchise operations amid shifting economic landscapes and industry-specific hurdles.

B. Riley To Divest Portion of Wealth Management Division to Stifel in Strategic Move

2 months ago

In a significant restructuring within the financial services industry, B. Riley Financial, Inc. has announced plans to sell a portion of its wealth management business to Stifel Financial Corp. This move, revealed to the public on November 1, 2024, is viewed as a strategic decision by B. Riley to streamline operations and potentially bolster its capital base.

B. Riley Financial's Asset Sale Yields $236 Million to Tackle Debt

2 months ago

In a strategic move to bolster its financial standing, B. Riley Financial recently announced the successful sale of a significant asset, raising a substantial $236 million. This transaction marks a decisive step for the company, aimed at alleviating its debt burden and enhancing its overall financial health.

B. Riley Strikes a Significant Deal with Oaktree Capital Over Great American Partnership

2 months ago

In a pivotal development in the financial sector, B. Riley Financial has successfully negotiated an agreement with Oaktree Capital Management concerning their joint venture known as the Great American Partnership. This deal marks a crucial turn in their relationship, as both companies look to capitalize on the evolving landscape of distressed asset investment.