ROSEN, LEADING INVESTOR COUNSEL, Encourages Live Ventures Incorporated Investors With Losses Over $100K to Inquire About Securities Class Action Investigation – LIVE

NEW YORK, Aug. 6, 2021 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor…

NEW YORK, Aug. 6, 2021 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate 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.

SO WHAT: 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. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2137.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: 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 $29.08 per share, or over 46.4%, to close at $33.50 per share on August 4, 2021, damaging investors.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.

      Phillip Kim, Esq.

      The Rosen Law Firm, P.A.

      275 Madison Avenue, 40th Floor

      New York, NY 10016

      Tel: (212) 686-1060

      Toll Free: (866) 767-3653

      Fax: (212) 202-3827

      lrosen@rosenlegal.com

      pkim@rosenlegal.com

      cases@rosenlegal.com

      www.rosenlegal.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/rosen-leading-investor-counsel-encourages-live-ventures-incorporated-investors-with-losses-over-100k-to-inquire-about-securities-class-action-investigation–live-301350350.html

SOURCE Rosen Law Firm, P.A.