Bronstein, Gewirtz & Grossman, LLC Notifies LiveXLive Media, Inc. (LIVX) Investors of Investigation
NEW YORK, NY / ACCESSWIRE / November 18, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of LiveXLive Media, Inc. ("LiveXLive" or the "Company") (NASDAQ:LIVX). Investors who purchased LiveXLive securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/livx.
The investigation concerns whether LiveXLive and certain of its officers and/or directors have violated federal securities laws.
On November 16, 2020, post-market, LiveXLive announced its fiscal second quarter financial results. Among other results, the Company announced GAAP EPS of -$0.15, missing expectations by $0.03, and revenue of $14.56 million, missing expectations by $2.12 million. The Company further disclosed "a decrease in subscription revenue as a result of certain subscribers subject to a contractual dispute." On this news, LiveXLive's stock price fell $0.17 per share, or 8.29%, to close at $1.88 per share on November 17, 2020.
If you are aware of any facts relating to this investigation, or purchased LiveXLive shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/livx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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