---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-005416"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:31:37.640245+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-005416
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390026005416/0001213900-26-005416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390026005416/ea0273314-8k_brcgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-005416
- JSON: https://secwatch.observer/filing/0001213900-26-005416.json
- Plain text: https://secwatch.observer/filing/0001213900-26-005416.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.