Live Ventures Announces Dismissal of All SEC Claims Against the Company
Rhea-AI Summary
Live Ventures (NASDAQ: LIVE) reported that the United States District Court for the District of Nevada has dismissed all SEC civil claims against the company arising from a 2021 lawsuit, ending a matter that began nearly nine years ago. According to Live Ventures, the dismissal involves no judgment, no penalty, no admission and no findings of any kind against the company. Separately, CEO Jon Isaac resolved the SEC’s individual claims against him through a consent judgment that includes a $175,000 civil penalty, with no admission of wrongdoing. The company stated it will now focus on its long-term strategy of acquiring and operating profitable businesses.
Positive
- All SEC civil claims against the company dismissed with no judgment, penalty, admission or findings
- Conclusion of nearly nine-year SEC matter removes a major legal overhang
- Company states it can now focus resources on long-term acquisition and operating strategy
Negative
- CEO Jon Isaac to pay $175,000 civil penalty under consent judgment resolving individual SEC claims
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 13 | Q3 earnings report | Negative | -8.1% | Revenue declined and quarterly results shifted to a net loss. |
| Aug 06 | Earnings scheduling | Neutral | +0.5% | Company scheduled fiscal third-quarter results and its earnings conference call. |
| May 14 | Q2 earnings report | Negative | -25.5% | Revenue declined while operating and net losses were reported. |
| May 07 | Earnings scheduling | Neutral | +4.5% | Company announced the release date and conference call for quarterly results. |
| Apr 01 | AI infrastructure contribution | Positive | +5.8% | Central Steel Fabricators was reported to supply products for an AI project. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Negative earnings releases were followed by declines, while scheduling and operational announcements had positive or near-flat reactions.
Key Terms
summary judgment regulatory
consent judgment regulatory
civil penalty regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company exits with no judgment, no penalty, no admission and no findings after nearly nine years; CEO Jon Isaac resolves individual claims and denies the allegations
LAS VEGAS, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ: LIVE) (the “Company”) today announced that the United States District Court for the District of Nevada has dismissed all claims against the Company in the civil action filed by the Securities and Exchange Commission (the “SEC”) in 2021, ending a matter that began nearly nine years ago. The dismissal is complete: no judgment, no penalty, no admission and no findings of any kind against Live Ventures.
The SEC opened its investigation in late 2017 and filed suit in August 2021. In February 2026, the Court denied the SEC’s motion for summary judgment, and the case was headed to trial. After nearly nine years, tens of thousands of documents, and testimony from numerous witnesses, the SEC dismissed all claims against the Company.
“For nearly nine years, this Company and its shareholders carried the cost and the cloud of an SEC case that should never have been brought against it,” said Jon Isaac, President and Chief Executive Officer of Live Ventures. “We never folded. We kept fighting because the Company did nothing wrong, and we were never going to accept a settlement that meant admitting to things we didn’t do just to make a case go away. We didn’t have to. The SEC deposed our people, went through tens of thousands of our documents, and took us to the brink of trial — and today all claims against the Company have been dismissed.”
Separately, as part of the overall resolution, Mr. Isaac agreed to the entry of a consent judgment resolving the claims against him individually, which includes a civil penalty of
“I deny the SEC’s allegations — all of them,” Mr. Isaac added. “I agreed to this resolution for one reason: it ends the case for everyone — for me and, more importantly, for the Company, which walks away with a complete dismissal. A
With this matter behind it, the Company is focused entirely on its strategy of acquiring and operating profitable businesses for the long term.
About Live Ventures Incorporated
Live Ventures Incorporated (NASDAQ: LIVE) is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Through its subsidiaries, Live Ventures operates in flooring retail (Flooring Liquidators), flooring manufacturing (Marquis Industries), specialty retail and entertainment (Vintage Stock), and steel manufacturing (Precision Industries).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the resolution of the SEC action and the Company’s plans, strategy and prospects. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including the risks described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings. All forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them except as required by law.
Contact:
Live Ventures Incorporated
Greg Powell, Director of Investor Relations
725.500.5597
gpowell@liveventures.com
www.liveventures.com
