January 9, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Live Ventures Inc (NASDAQ:LIVE) shares over potential securities laws violations by Live Ventures and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Live Ventures Inc (NASDAQ:LIVE) concerning whether a series of statements by Live Ventures regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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.

Live Ventures Inc (NASDAQ:LIVE) declined on January 6, 2017 to as low as $16.50 per share.

On January 9, 2017, NASDAQ:LIVE shares closed at $18.82 per share.