An investigation on behalf of investors in Live Ventures Incorporated (NASDAQ:LIVE) shares over potential wrongdoing at Live Ventures Incorporated was announced.
San Diego, CA -- (SBWIRE) -- 09/15/2021 -- Certain directors of Live Ventures Incorporated are under investigation concerning potential breaches of fiduciary duties.
Investors who purchased shares of Live Ventures Incorporated (NASDAQ: LIVE) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org 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. 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.
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