NEW YORK: Franchise Group Inc investors have sued ex-chief executive officer (CEO) Brian Kahn and investment partner B. Riley Financial Inc, claiming shareholders were shortchanged in a US$2.6bil take-private buyout of the operator of franchised-retail brands.
Kahn and his allies are accused in the suit of using their control of the company to wrongfully push through a US$30-per-share buyout in 2023.
