San Diego, CA -- (SBWIRE) -- 05/22/2017 -- The Shareholders Foundation announces that an investor in shares of Live Ventures Inc (NASDAQ:LIVE) filed a lawsuit over alleged violations of Federal Securities Laws by Live Ventures Inc.

Investors who purchased shares of Live Ventures Inc (NASDAQ:LIVE) have certain options and for certain investors are short and strict deadlines running. Deadline: July 4, 2017. NASDAQ:LIVE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Live Ventures Inc (NASDAQ:LIVE) common shares between November 7, 2016 and January 6, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 7, 2016 and January 6, 2017, the defendants engaged in a stock promotion scheme to artificially inflate the price of the Company's stock through paid promotional advertisements by undisclosed individuals and companies, and that as a result of the stock promotion scheme, the defendants caused the Company to issue false and misleading statements in the Company's financial statements between November 7, 2016 and January 6, 2017, including reporting false earnings per share.

Live Ventures Inc reported that its Total Revenue rose from $33.37 million for the 12 months period that ended on September 30, 2015 to $78.95 million for the 12 months period that ended on September 30, 2016 and that its Net Loss of $14.67million for the 12 months period that ended on September 30, 2015 turned into a Net Income of $17.83 million for the 12 months period that ended on September 30, 2016. Live Ventures Inc (NASDAQ:LIVE) reached as high as $24.42 per share on December 21, 2016.

On January 6, 2017, an article was published on Live Ventures Inc asserting, among other things, that stock promoters have been paid as much as $2 million to hype Live Ventures, some of these promoters also touted imploded fraud Forcefield Energy, which was delisted and went to zero, and Live Ventures Inc created "earnings" via multiple one time discretionary accounting gains. Shares of Live Ventures Inc (NASDAQ:LIVE) declined to as low as $13.93 per share on May 8, 2017.

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

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com