Los Angeles, CA - 
(NewMediaWire) - October 12, 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
info@schallfirm.com
SOURCE:
The Schall Law Firm
