SENIOR INVESTOR ADVISOR ROSEN Encourages Live Ventures Incorporated Investors With Losses Over $ 100,000 to Learn About Securities Class Action Investigation
NEW YORK, August 6, 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate possible securities claims on behalf of shareholders of Live Ventures Incorporated (NASDAQ: LIVE) arising from allegations that Live Ventures could have provided misleading marketing information to the investing public.
SO WHAT: If you have purchased securities from Live Ventures, you may be entitled to compensation without payment of any fees or charges under a contingency fee agreement. Rosen law firm is preparing class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action lawsuit, go to http://www.rosenlegal.com/cases-register-2137.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action.
WHAT DOES IT TALK ABOUT: On August 3, 2021, the United States Securities and Exchange Commission (“SEC”) filed a lawsuit against Live Ventures, its CEO and CFO alleging “multiple financial, disclosure and reporting violations related to income and earnings per share inflated, to promotion of stocks and the secret trade, and undisclosed executive compensation. Specifically, the SEC alleged that Live Ventures recorded income from a backdated contract, which increased pre-tax profit for fiscal 2016 by 20%, and underestimated the number of shares outstanding, which overestimated earnings per share by 40%. The complaint also alleges that the CEO of the company hired a stock promoter to stimulate interest in Live Ventures.
Following this news, the Company’s share price fell $ 29.08 per share, or more than 46.4%, to close at $ 33.50 per share on August 4, 2021, detrimental to investors.
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 appointed by law360 as the plaintiff’s Titan bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
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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
SOURCE Rosen Law Firm, Pennsylvania