NEW YORK - 
(NewMediaWire) - August 12, 2021 - Faruqi &
Faruqi, LLP, a leading national securities law firm, is investigating potential
claims against Live Ventures Incorporated (“Live Ventures” or the “Company”) (NASDAQ:LIVE).
If you suffered losses exceeding $50,000 investing in Live Ventures stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/LIVE.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
On August 3, 2021, the Securities and Exchange Commission (“SEC”) announced a complaint (the “SEC complaint”) against the Company and its CEO, Jon Isaac. The SEC complaint, among other things, alleges that Live Ventures recorded income from a backdated contract to boost the Company’s pre-tax income for fiscal year 2016 by 20%. The Company and CEO Isaac also allegedly overstated earnings per share by 40% by improperly understating the Company’s outstanding share count. Further, the SEC complaint alleges that in addition to disclosing falsified financial results, CEO Isaac hired a stock promoter to boost interest in Live Ventures. As alleged, the financial manipulation and stock promotion caused the Company’s share price to spike. Isaac allegedly profited by secretly selling Live Ventures shares in a nominee account that he controlled in the name of Kingston Diversified Holdings.
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