Los Angeles - 
(NewMediaWire) - October 7, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Live
Ventures Incorporated (“Live Ventures” or “the Company”) (NASDAQ:
LIVE) for
violations of §§10(b)
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
Investors who
purchased the Company's securities between December 28, 2016 and August 3, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before October
12, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market. Live
Ventures used an artificially low share count to boost its earnings per share
for fiscal year 2016 by 40%. In fact, the Company’s earnings for 2016 were just
$6.33 per share. The same year, the Company overstated pre-tax income including
$915,500 in “other income.” The Company’s acquisition of ApplianceSmart did not
close in Q1 2017, and using an acquisition date of December 30, 2017 did not
follow GAAP. Between fiscal year 2016 and 2018, the Company’s CEO received
compensation that was 94% higher than what was disclosed to investors. Based on
these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the truth about
Live Ventures, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
