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Live Ventures Incorporated announced that the U.S. District Court for the District of Nevada dismissed all claims…
LIVELIVE VENTURES Inc
Live Ventures Incorporated announced that the U.S. District Court for the District of Nevada dismissed all claims against the Company in the enforcement action filed by the SEC, ending a nearly nine-year legal matter with no judgment, penalty, or admission of wrongdoing against the entity. As part of the resolution, CEO Jon Isaac agreed to a consent judgment resolving individual claims, which includes a civil penalty of $175,000; Mr. Isaac admits no wrongdoing and denies the SEC's allegations. This filing discloses the conclusion of significant litigation that had imposed legal costs and uncertainty on the company for years. Live Ventures Incorporated is a diversified holding company focused on acquiring and operating profitable domestic middle-market businesses in flooring retail and manufacturing, specialty retail, entertainment, and steel manufacturing.