Live555 through 1.08 does not handle socket connections properly. A huge number of incoming socket connections in a short time invokes the error-handling module, in which a heap-based buffer overflow happens. An attacker can leverage this to launch a DoS attack.
CVE also references: http://www.live555.com/liveMedia/public/changelog.txt
I don't see a 1.08 anywhere, so not sure where MITRE got that version.