NASDAQ: LIVE

Live Ventures Incorporated

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Live Ventures Incorporated (NASDAQ: LIVE) resulting from allegations that Live Ventures may have issued materially misleading business information to the investing public.

If you purchased Live Ventures securities and would like to join the action, please click “Join This Class Action.”

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If you purchased Live Ventures securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

On August 3, 2021, the U.S. Securities and Exchange Commission (“SEC”) filed a complaint against Live Ventures, its Chief Executive Officer, and its Chief Financial Officer alleging “multiple financial, disclosure, and reporting violations related to inflated income and earnings per share, stock promotion and secret trading, and undisclosed executive compensation.” Specifically, the SEC alleged that Live Ventures had recorded income from a backdated contract, which increased pre-tax income for fiscal 2016 by 20%, and understated its outstanding share count, which overstated earnings per share by 40%. The complaint also alleges that the Company’s Chief Executive Officer hired a stock promoter to boost interest in Live Ventures.

On this news, the Company’s share price fell as much as 22% during afterhours trading on August 3, 2021, damaging investors. The Company’s share price fell sharply during intraday trading on August 4, 2021, further damaging investors.

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

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Phillip Kim

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