NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Live Ventures Incorporated. (“Live Ventures” or the “Company”) (NASDAQ: LIVE) on behalf of Live Ventures stockholders. Our investigation concerns whether Live Ventures has violated the federal securities laws and/or engaged in other unlawful business practices.
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On August 3, 2021, the U.S. Securities and Exchange Commission ("SEC") announced that it had charged Live Ventures, along with its Chief Executive Officer and Chief Financial Officer, "with 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%.
On this news, Live Ventures' stock price fell $30.20 per share, or 47.41%, to close at $33.50 per share on August 4, 2021.
If you purchased or otherwise acquired Live Ventures shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at email@example.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.