ROSEN, A TOP LAW FIRM, Encourages Live Ventures Incorporated Investors With Losses Over $ 100,000 To Obtain Lawyer Before Important Securities Class Action Deadline
NEW YORK, August 24, 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of Live Ventures Incorporated (NASDAQ: LIVE) securities between December 28, 2016 and August 3, 2021, inclusive (the “Recourse Period”), 12 October 2021 lead applicant time limit.
SO WHAT: If you purchased Live titles during the Class Period, you may be entitled to compensation without payment of out-of-pocket expenses or fees under a contingency fee agreement.
WHAT TO DO NEXT: To join the class action lawsuit live, visit http://www.rosenlegal.com/cases-register-2137.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court not later than 12 October 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have comparable experience, resources or peer recognition. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company achieved more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as Titan of the Plaintiff’s Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and / or misleading statements and / or failed to disclose that: (1) Live’s earnings per share for the year (“AF”) 2016 was actually only $ 6.33 per share; (2) Live used an artificially low number of shares to increase earnings per share by 40%; (3) Live had overstated the pre-tax income for the 2016 financial year by 20% including $ 915,500 “other income” linked to certain riders which were not negotiated until after the end of the financial year; (4) The acquisition of ApplianceSmart by Live was not finalized during the first quarter of 2017; (5) using December 30, 2017 that the “acquisition date” and the recognition of the income from it did not comply with generally accepted accounting principles; (6) By falsely stating that the acquisition was completed in the quarter, Live recognized a windfall purchase gain, which allowed Live to report positive net income in what would otherwise have been a quarter unprofitable ; (7) between fiscal 2016 and fiscal 2018, the CEO of Live received approximately 94% more in compensation than was disclosed to investors; and (8) as a result, the Defendants’ statements regarding its business, operations and prospects were materially false and misleading and / or lacked reasonable basis at all material times.
To join the class action lawsuit live, visit http://www.rosenlegal.com/cases-register-2137.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the board of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future recovery does not depend on whether he or she is a lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York State 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, Pennsylvania