LAWSUITS FILED AGAINST YALA, LIVE and SAM - Jakubowitz Law Pursues Shareholders Claims
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LAWSUITS FILED AGAINST YALA, LIVE and SAM - Jakubowitz Law Pursues Shareholders Claims

Tuesday, September 21, 2021 6:40 PM
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NEW YORK, NY / ACCESSWIRE / September 21, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Yalla Group Limited (NYSE:YALA)

CONTACT JAKUBOWITZ ABOUT YALA:
https://claimyourloss.com/securities/yalla-group-limited-loss-submission-form/?id=19761&from=1

Class Period : September 30, 2020 - August 9, 2021

Lead Plaintiff Deadline : October 12, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: the Company overstated its user metrics and revenue and, as a result, the Company’s public statements were materially false and misleading at all relevant times.

Live Ventures Incorporated (NASDAQ:LIVE)

CONTACT JAKUBOWITZ ABOUT LIVE:
https://claimyourloss.com/securities/live-ventures-incorporated-loss-submission-form/?id=19761&from=1

Class Period : December 28, 2016 - August 3, 2021

Lead Plaintiff Deadline : October 12, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: 1) Live’s earnings per share for FY 2016 was actually only $6.33 per share; (2) the Company used an artificially low share count to boost the earnings per share by 40%; (3) Live had overstated pretax income for fiscal 2016 by 20% by including $915,500 of “other income” related to certain amendments that were not negotiated until after the close of the fiscal year; (4) Live’s acquisition of ApplianceSmart did not close during first quarter 2017; (5) using December 30, 2017 as the “acquisition date” and recognizing income therefrom did not conform to generally accepted accounting principles; (6) by falsely stating that the acquisition closed during the quarter, Live recognized bargain purchase gain, which enabled the Company to report positive net income in what would otherwise have been an unprofitable quarter; (7) between fiscal 2016 and fiscal 2018, Live’s CEO received approximately 94% more in compensation than was disclosed to investors; and (8) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

The Boston Beer Company, Inc. (NYSE:SAM)

CONTACT JAKUBOWITZ ABOUT SAM:
https://claimyourloss.com/securities/the-boston-beer-company-inc-loss-submission-form/?id=19761&from=1

Class Period : April 22, 2021 - September 8, 2021

Lead Plaintiff Deadline : November 15, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Boston Beer’s hard seltzer sales were decelerating; (2) as a result, Boston Beer was reasonably likely to incur inventory write-offs; (3) the Company was reasonably likely to incur shortfall fees payable to third party brewers; (4) as a result of the foregoing, Boston Beer’s financial results would be adversely impacted; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

Jakubowitz Law
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