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Audit Committee s Review Affirms the Company Acted Properly with Regard to the Management-Led Buyout of FRG; B. Riley Financial and its Executives Had No Involvement with, or Knowledge of, Alleged.

Brian kahnBryant rileyJo anne mccuskerMike frankB riley financial incAudit committeeFranchise groupAudit committee review affirms the company actedSullivan cromwellReview affirmsCompany acted properlyManagement led buyoutRiley financialExecutives had no involvementAlleged prophecyChief compliance officer