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B. Riley shares plummet after taking losses on Franchise Group deal

NEW YORK (Reuters) -Shares of financial services firm B. Riley plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. The boutique Los Angeles-based investment bank said last week that it was forced to mark down the value of its investment in the $2.6 billion take-private deal involving Vitamin Shoppe owner Franchise Group Inc after the company reported a decline in ...
New York United States John Hughes Chibuike Oguh Medha Singh Rick Meckler
Source: yahoo.com

Chinese flying taxi maker EHang rejects US short seller's fraud accusations over firm's 1,300-unit pre-orders

Chinese flying taxi maker EHang Holdings has rejected allegations of fraud levelled against it by US short seller Hindenburg Research, which claimed in a report that the Guangzhou-based company was exaggerating the number of its orders and misleading investors. EHang blamed the short seller's "cursory and incomplete understanding" of its industry for a report that contained "untrue statements and misinterpretation of information" about the firm's operations and fina...
Wolfpack Research Civil Aviation Administration Of China China Morning Post Publishers Ltd Toyota Motor Corp Skydrive Hindenburg Research Shanghai Kunxiang Intelligent Technology
Source: yahoo.com

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APPLIED DIGITAL ONGOING INVESTOR DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Applied Digital To Contact Him Directly To Discuss Their Options -October 11, 2023 at 10:01 am EDT

If you purchased or acquired securities in Applied Digital stock or options between April 13, 2022 and July 26, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh...
United States New York Josh Wilson Chuck Hastings Wesley Cummins B Riley Securities Inc

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Applied Digital Corporation (APLD)

The Law Offices of Frank R. Cruz reminds investors of the upcoming October 11, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Applied...
United States Los Angeles Frankr Cruz Wolfpack Research Digital Corporation Applied Digital Audit Committee

APPLIED DIGITAL ONGOING INVESTOR DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Applied Digital To Contact Him Directly To Discuss Their Options -October 06, 2023 at 10:01 am EDT

If you purchased or acquired securities in Applied Digital stock or options between April 13, 2022 and July 26, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh...
New York United States Prnewswire Faruqi Wesley Cummins Chuck Hastings Josh Wilson

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