Defendant Name: Live Ventures Incorporated

Defendant Type: Public Company
SIC Code: 7310
CUSIP: 53814230

Initial Case Details

Legal Case Name SEC v. Live Ventures Incorporated; JanOne Inc.; John Isaac a/k/a/ Jon Isaac; Kingston Diversified Holdings LLC; and Virland A. Johnson
First Document Date 02-Aug-2021
Initial Filing Format Civil Proceeding
Case Number 21-cv-01433
Allegation Type Issuer Reporting and Disclosure
Federal District Court Nevada, District of Nevada

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 14(a)
• Rule 14a-3
Additionally, Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act (willfully/knowingly).
John Isaac is alleged to have aided and abetted Live Ventures Incorporated's violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
John Isaac is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
John Isaac is alleged to have aided and abetted Live Ventures Incorporated's violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
John Isaac is alleged to have aided and abetted Live Ventures Incorporated's violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
John Isaac is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
John Isaac is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 13(b)(2)(B) of the Exchange Act (willfully/knowingly).
Virland A. Johnson is alleged to have aided and abetted Live Ventures Incorporated's violation of Sec 13(b)(2)(B) of the Exchange Act (willfully/knowingly).

Resolutions

First Resolution Date

Related Documents:

comp25155 02-Aug-2021 Complaint
Complaint
The SEC stated that: "Defendant Live Ventures Incorporated ("LIVE") and its chief executive officer John Isaac a/k/a Jon Isaac ("Jon Isaac") engaged in three distinct fraudulent schemes, and made materially false and misleading statements that omitted material information."
LR-25155 03-Aug-2021 Litigation Release
SEC Charges Two Public Companies and Executives with Financial and Disclosure Fraud
The SEC stated that: "[It] charged a publicly-traded Las Vegas-based holding company, its CEO, its CFO, an LLC controlled by the CEO, and another Nevada-based public company with multiple financial, disclosure, and reporting violations related to inflated income and earnings per share, stock promotion and secret trading, and undisclosed executive compensation."
court_doc76_21-cv-01433 21-Sep-2022 Complaint
First Amended Compliant
The Commission stated: "Defendant Live Ventures Incorporated ("LIVE") and its chief executive officer John Isaac a/k/a Jon Isaac ("Jon Isaac") engaged in three distinct fraudulent schemes, and made materially false and misleading statements that omitted material information."

Other Defendants in Action:

JanOne Inc.
Kingston Diversified Holdings LLC
John Isaac
Virland A. Johnson