BRC Group Holdings Sues Willkie Farr and Brian Kahn Over Franchise Group Deal

Reuters01-20

BRC Group Holdings Sues Willkie Farr and Brian Kahn Over Franchise Group Deal

BRC Group Holdings Inc., formerly known as B. Riley Financial, Inc., and affiliated entities have filed a lawsuit in the Supreme Court of the State of New York against Willkie Farr & Gallagher LLP, Brian Kahn, and Lauren Kahn. The complaint alleges aiding and abetting fraud, civil conspiracy to defraud, breach of fiduciary duty, common law fraud, fraudulent inducement, and breach of contract. The litigation stems from activities related to the take-private transaction of Franchise Group, Inc. in August 2023. BRC Group Holdings is seeking over $735 million in compensatory and punitive damages, as well as the disgorgement of all fees received by Willkie in connection with the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BRC Group Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-005416), on January 20, 2026, and is solely responsible for the information contained therein.

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Riley Financial, Inc.</a>, and affiliated entities have filed a lawsuit in the Supreme Court of the State of New York against Willkie Farr &amp; Gallagher LLP, Brian Kahn, and Lauren Kahn. The complaint alleges aiding and abetting fraud, civil conspiracy to defraud, breach of fiduciary duty, common law fraud, fraudulent inducement, and breach of contract. The litigation stems from activities related to the take-private transaction of Franchise Group, Inc. in August 2023. BRC Group Holdings is seeking over $735 million in compensatory and punitive damages, as well as the disgorgement of all fees received by Willkie in connection with the transaction.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The complaint alleges aiding and abetting fraud, civil conspiracy to defraud, breach of fiduciary duty, common law fraud, fraudulent inducement, and breach of contract. The litigation stems from activities related to the take-private transaction of Franchise Group, Inc. in August 2023. BRC Group Holdings is seeking over $735 million in compensatory and punitive damages, as well as the disgorgement of all fees received by Willkie in connection with the transaction.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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