Investigation for NASDAQ: LIVE shares announced over potential Wrongdoing at Live Ventures Incorporated

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Live Ventures Incorporated.

Investors who purchased shares of Live Ventures Incorporated (NASDAQ: LIVE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Live Ventures Incorporated directors breached their fiduciary duties and caused damage to the company and its shareholders.

Las Vegas, NV based Live Ventures Incorporated, together with its subsidiaries, engages in the flooring manufacturing, steel manufacturing, and retail businesses in the United States. Live Ventures Incorporated reported that its annual Total Revenue declined from $193.28 million for the 12 months period that ended on September 30, 2019 to $191.72 million for the 12 months period that ended on September 30, 2020, and that its Net Kiss of $4.012 million turned into a Net Income of $10.92 million over those respective time period.

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 "its CEO, Jon Isaac, recorded income from a backdated contract to boost Live Ventures' pre-tax income for fiscal year 2016 by 20%. Live Ventures and Isaac also allegedly overstated earnings per share by 40% by improperly understating Live Ventures' outstanding share count. The complaint alleges that in addition to disclosing falsified financial results, Isaac hired a stock promoter to boost interest in Live Ventures."

Shares of Live Ventures Incorporated (NASDAQ: LIVE) declined from $66.48 per share on July 28, 2021 to as low as $27.21 per share on August 9, 2021.

Those who purchased shares of Live Ventures Incorporated (NASDAQ: LIVE) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.