Hagens Berman Investigates Veritone for Financial Misstatements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19 hours ago
0mins
Source: PRnewswire
- Allegations of Fraud: Hagens Berman is investigating Veritone and its executives for admitting to significant errors in financial statements, potentially violating securities laws and causing investor losses.
- Significant Stock Decline: Multiple disclosures in early 2026 led to a sharp decline in Veritone's stock price, reflecting market disappointment with the company's financial performance and impacting investor confidence.
- Urgent Litigation Timeline: Investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, and suffered losses must apply to be lead plaintiffs by July 20, 2026, to seize legal opportunities.
- Whistleblower Reward Program: Hagens Berman encourages individuals with non-public information to assist in the investigation, with rewards of up to 30% of any successful SEC recovery, further promoting corporate accountability.
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Analyst Views on VERI
Wall Street analysts forecast VERI stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.255
Low
6.00
Averages
8.33
High
10.00
Current: 1.255
Low
6.00
Averages
8.33
High
10.00
About VERI
Veritone, Inc. builds human-centered enterprise artificial intelligence (AI) solutions. Its AI operating system, aiWARE, uses machine learning algorithms, or AI models, together with a suite of applications, to reveal valuable insights from vast amounts of structured and unstructured data. Highly modular and customizable, aiWARE enables expansive scale with the flexibility to deploy in the cloud, at the edge or in hybrid environments. Its aiWARE platform offers capabilities that are designed to mimic human cognitive functions such as perception, prediction and problem solving, enabling users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights. Its aiWARE platform encompasses industry applications, automate studio and developer APIs, intelligent data lake, applications and cognitive analytics, and generative AI. It serves customers in the media, entertainment, public sector and talent acquisition industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hagens Berman Investigates Veritone for Financial Misstatements
- Allegations of Fraud: Hagens Berman is investigating Veritone and its executives for admitting to significant errors in financial statements, potentially violating securities laws and causing investor losses.
- Significant Stock Decline: Multiple disclosures in early 2026 led to a sharp decline in Veritone's stock price, reflecting market disappointment with the company's financial performance and impacting investor confidence.
- Urgent Litigation Timeline: Investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, and suffered losses must apply to be lead plaintiffs by July 20, 2026, to seize legal opportunities.
- Whistleblower Reward Program: Hagens Berman encourages individuals with non-public information to assist in the investigation, with rewards of up to 30% of any successful SEC recovery, further promoting corporate accountability.
See More
Reminder for Veritone Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, to apply as lead plaintiffs by July 20, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Veritone made false and misleading statements during the class period, resulting in inflated revenue and assets, which led to investor losses and highlighted deficiencies in the company's internal controls over financial reporting.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its strong track record and expertise in this field.
- Investor Action Advice: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure effective representation in the lawsuit and avoid inexperienced intermediaries.
See More
Veritone Faces Class Action Lawsuit Impacting Stock Price
- Class Action Initiated: Pomerantz LLP has announced a class action lawsuit against Veritone, alleging securities fraud by the company and certain executives, with investors needing to apply by July 20, 2026, to become lead plaintiffs, indicating significant legal risks that could undermine market confidence in the company.
- Delayed Financial Reporting: On April 1, 2026, Veritone filed an NT 10-K with the SEC, revealing its inability to timely submit its annual report for fiscal year 2025 due to delays in finalizing accounting determinations, which may lead to substantial adjustments in financial data, highlighting a lack of financial transparency.
- Stock Price Volatility: Following the exposure of financial issues, Veritone's stock price plummeted by 29.5% on March 27 and 9.14% on April 1, 2026, reflecting strong market concerns regarding the company's financial health, which could adversely affect investor confidence.
- Financial Data Errors: In a Form 8-K filed on April 14, 2026, the company acknowledged significant errors in its previously issued financial statements, resulting in a substantial overstatement of revenue and understatement of net loss, further intensifying market skepticism about its financial reporting and potentially impacting future financing capabilities.
See More
Multiple Companies Facing Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is facing allegations for misleading investors during the period from May 2025 to March 2026 by claiming reliable long-term growth prospects, while the sustainability of its pharmaceutical marketing commitments was uncertain, potentially jeopardizing its 2027 revenue targets.
- Sportradar Violations: Sportradar Group AG is accused of collaborating with black-market gambling operators from November 2024 to April 2026, despite assurances of legal compliance, leading to materially misleading statements about its business prospects.
- Commvault Sales Issues: Commvault Systems Inc. is under scrutiny for failing to disclose the impact of different sales types on annual recurring revenue (ARR) growth from January 2025 to January 2026, resulting in misleading positive statements about its business outlook.
- Veritone Financial Misconduct: Veritone, Inc. is facing allegations of inaccurately recording and misclassifying revenue from October 2025 to April 2026, necessitating a restatement of financial statements, which severely undermines investor confidence in the company's operations.
See More
Veritone Investors Class Action Notice Issued
- Class Action Notice: The Portnoy Law Firm has advised Veritone investors of a class action for those who purchased securities between October 14, 2025, and April 14, 2026, with a deadline of July 20, 2026, for filing a lead plaintiff motion, emphasizing the importance of protecting investor rights.
- Financial Reporting Uncertainty: Veritone's financial results released on March 26, 2026, indicated expected revenue between $18.1 million and $30 million for Q4 2025, but due to accounting determination issues, the stock price plummeted by 29.5% to close at $1.84 per share on March 27, reflecting market concerns over financial transparency.
- Accounting Issues Disclosure: On April 1, 2026, Veritone filed an NT 10-K with the SEC, revealing it could not timely submit its 10-K report for FY 2025 due to delays in finalizing accounting determinations, potentially leading to a revenue reduction of $1.5 million to $2.5 million for Q3 2025, exacerbating investor anxiety regarding the company's financial stability.
- Financial Statement Revision: On April 14, 2026, Veritone disclosed in an 8-K that its previously issued financial statements for Q3 2025 should no longer be relied upon due to significant errors, resulting in a severe overstatement of revenue and understatement of net loss, causing the stock price to drop by 8.3% to $2.09 per share, highlighting a crisis of trust for the company.
See More
Veritone Shareholder Files Securities Class Action Lawsuit
- Class Action Initiated: Bernstein Liebhard LLP announces a class action lawsuit on behalf of investors who purchased Veritone, Inc. (NASDAQ: VERI) securities between October 14, 2025, and April 14, 2026, alleging that the company made materially false and misleading statements regarding its operational metrics, resulting in artificially inflated stock prices.
- Investor Losses: The lawsuit claims that due to these misrepresentations, investors suffered significant losses when the truth was revealed, prompting affected shareholders to act quickly and submit forms to participate in the litigation.
- Lead Plaintiff Requirements: Shareholders wishing to serve as lead plaintiffs must file papers by July 20, 2026, although those participating in the lawsuit do not need to be lead plaintiffs to share in any potential recovery.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has been recognized multiple times in The National Law Journal’s “Plaintiffs’ Hot List” for its success in handling hundreds of class actions, highlighting its strong reputation in securities litigation.
See More
Hagens Berman Investigates Veritone for Financial Misstatements
- Allegations of Fraud: Hagens Berman is investigating Veritone and its executives for admitting to significant errors in financial statements, potentially violating securities laws and causing investor losses.
- Significant Stock Decline: Multiple disclosures in early 2026 led to a sharp decline in Veritone's stock price, reflecting market disappointment with the company's financial performance and impacting investor confidence.
- Urgent Litigation Timeline: Investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, and suffered losses must apply to be lead plaintiffs by July 20, 2026, to seize legal opportunities.
- Whistleblower Reward Program: Hagens Berman encourages individuals with non-public information to assist in the investigation, with rewards of up to 30% of any successful SEC recovery, further promoting corporate accountability.
See More
Reminder for Veritone Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, to apply as lead plaintiffs by July 20, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that Veritone made false and misleading statements during the class period, resulting in inflated revenue and assets, which led to investor losses and highlighted deficiencies in the company's internal controls over financial reporting.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its strong track record and expertise in this field.
- Investor Action Advice: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure effective representation in the lawsuit and avoid inexperienced intermediaries.
See More
Veritone Faces Class Action Lawsuit Impacting Stock Price
- Class Action Initiated: Pomerantz LLP has announced a class action lawsuit against Veritone, alleging securities fraud by the company and certain executives, with investors needing to apply by July 20, 2026, to become lead plaintiffs, indicating significant legal risks that could undermine market confidence in the company.
- Delayed Financial Reporting: On April 1, 2026, Veritone filed an NT 10-K with the SEC, revealing its inability to timely submit its annual report for fiscal year 2025 due to delays in finalizing accounting determinations, which may lead to substantial adjustments in financial data, highlighting a lack of financial transparency.
- Stock Price Volatility: Following the exposure of financial issues, Veritone's stock price plummeted by 29.5% on March 27 and 9.14% on April 1, 2026, reflecting strong market concerns regarding the company's financial health, which could adversely affect investor confidence.
- Financial Data Errors: In a Form 8-K filed on April 14, 2026, the company acknowledged significant errors in its previously issued financial statements, resulting in a substantial overstatement of revenue and understatement of net loss, further intensifying market skepticism about its financial reporting and potentially impacting future financing capabilities.
See More
Multiple Companies Facing Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is facing allegations for misleading investors during the period from May 2025 to March 2026 by claiming reliable long-term growth prospects, while the sustainability of its pharmaceutical marketing commitments was uncertain, potentially jeopardizing its 2027 revenue targets.
- Sportradar Violations: Sportradar Group AG is accused of collaborating with black-market gambling operators from November 2024 to April 2026, despite assurances of legal compliance, leading to materially misleading statements about its business prospects.
- Commvault Sales Issues: Commvault Systems Inc. is under scrutiny for failing to disclose the impact of different sales types on annual recurring revenue (ARR) growth from January 2025 to January 2026, resulting in misleading positive statements about its business outlook.
- Veritone Financial Misconduct: Veritone, Inc. is facing allegations of inaccurately recording and misclassifying revenue from October 2025 to April 2026, necessitating a restatement of financial statements, which severely undermines investor confidence in the company's operations.
See More
Veritone Investors Class Action Notice Issued
- Class Action Notice: The Portnoy Law Firm has advised Veritone investors of a class action for those who purchased securities between October 14, 2025, and April 14, 2026, with a deadline of July 20, 2026, for filing a lead plaintiff motion, emphasizing the importance of protecting investor rights.
- Financial Reporting Uncertainty: Veritone's financial results released on March 26, 2026, indicated expected revenue between $18.1 million and $30 million for Q4 2025, but due to accounting determination issues, the stock price plummeted by 29.5% to close at $1.84 per share on March 27, reflecting market concerns over financial transparency.
- Accounting Issues Disclosure: On April 1, 2026, Veritone filed an NT 10-K with the SEC, revealing it could not timely submit its 10-K report for FY 2025 due to delays in finalizing accounting determinations, potentially leading to a revenue reduction of $1.5 million to $2.5 million for Q3 2025, exacerbating investor anxiety regarding the company's financial stability.
- Financial Statement Revision: On April 14, 2026, Veritone disclosed in an 8-K that its previously issued financial statements for Q3 2025 should no longer be relied upon due to significant errors, resulting in a severe overstatement of revenue and understatement of net loss, causing the stock price to drop by 8.3% to $2.09 per share, highlighting a crisis of trust for the company.
See More
Veritone Shareholder Files Securities Class Action Lawsuit
- Class Action Initiated: Bernstein Liebhard LLP announces a class action lawsuit on behalf of investors who purchased Veritone, Inc. (NASDAQ: VERI) securities between October 14, 2025, and April 14, 2026, alleging that the company made materially false and misleading statements regarding its operational metrics, resulting in artificially inflated stock prices.
- Investor Losses: The lawsuit claims that due to these misrepresentations, investors suffered significant losses when the truth was revealed, prompting affected shareholders to act quickly and submit forms to participate in the litigation.
- Lead Plaintiff Requirements: Shareholders wishing to serve as lead plaintiffs must file papers by July 20, 2026, although those participating in the lawsuit do not need to be lead plaintiffs to share in any potential recovery.
- Law Firm Background: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has been recognized multiple times in The National Law Journal’s “Plaintiffs’ Hot List” for its success in handling hundreds of class actions, highlighting its strong reputation in securities litigation.
See More
