Brand manager Franchise Group Inc. shouldn’t be authorized to hire Willkie Farr & Gallagher LLP to represent it in bankruptcy, a lender group said, citing alleged conflicts of interest involving the company’s former CEO and a troubled investment adviser.
Ex-CEO Brian Kahn and B. Riley Financial Group Inc. were involved in a 2023 buyout that is a focal point of creditor complaints in the bankruptcy, the lenders noted in a Saturday objection in the US Bankruptcy Court for the District of Delaware. Kahn and B. Riley have each been represented by Willkie in various matters, the lenders added.
The lenders, ...
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