The growing number of lawsuits will likely have a “material adverse effect” on the company, according to a July 14 SEC filing. Furthermore, LiveXLive is being pursued for unpaid judgements by two law firms who said LiveXLive didn’t pay its legal bills, as well as a festival producer still waiting to be paid ticket proceeds it claims to be owed by the now defunct LiveXLive Tickets. The company is also being sued for patent infringement and is locked in a long term contractual dispute with automaker Tesla, a case that has dragged on for more than a year. LiveXLive is also suing McBroom in its own lawsuit. The company is currently being sued by two former executives and one investor for fraud, two previous vendors who say they weren’t paid for their work and by one client - Youtuber Austin McBroom - over the disastrous Social Gloves Battle of the Platforms Boxing match. With the new Audigent lawsuit, LiveXLive is now facing 14 lawsuits concurrently. TikTokers on LiveXLive The 'Social Gloves: Battle of the Platforms' PPV will premiere on Saturday, June 12, live from the Hard Rock Stadium in Miami Gardens. Austin McBroom Files Lawsuit Against LiveXLive Over Social Gloves Boxing Event Social Gloves: Battle of the Platforms - YouTubers vs.
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