BRC Group files $735M lawsuit against Willkie Farr and Brian Kahn over Franchise Group deal

BRC Group Holdings, Inc.

Complaint filed in NY Supreme Court against Willkie Farr & Gallagher, Brian Kahn, and Lauren Kahn.
Seeks over $735 million in compensatory damages plus punitive damages and fee disgorgement.
Claims include aiding and abetting fraud, civil conspiracy, breach of fiduciary duty, and fraud.
Lawsuit relates to the August 2023 take-private transaction of Franchise Group, Inc.
Plaintiffs include BRC Group (f/k/a B. Riley Financial) and several affiliates.

item 8.01

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