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.

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