Live Oak(US:LOB) Prnewswire·2025-11-20 15:00Core Viewpoint - Live Oak Bancshares, Inc. is under investigation for potential securities fraud and unlawful business practices following the announcement of material misclassifications in its financial statements [1][2]. Financial Reporting Issues - On November 12, 2025, Live Oak disclosed that it would amend its 2024 Annual Report and Quarterly Reports for the periods ended March 31, 2025, and June 30, 2025, to restate its Consolidated Financial Statements due to errors in cash flow classifications [2]. - The company identified a material weakness in its internal control over financial reporting, indicating that previous financial statements for the affected periods should no longer be relied upon [2]. Market Reaction - Following the announcement of the financial restatement, Live Oak's stock price decreased by $0.80, or 2.49%, closing at $31.29 per share on November 13, 2025 [2].