Notice of Class Action Lawsuit Against Veritone Securities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 07 2026
0mins
Source: Globenewswire
- Class Action Initiation: 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 fees.
- Financial Misrepresentation Allegations: The lawsuit alleges that Veritone inaccurately recorded and classified certain revenues and costs during the class period, resulting in inflated revenue and assets, misleading investors about the company's prospects and causing financial losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its strong expertise and track record in this field.
- Investor Guidance: Investors are advised to select counsel with a proven success record, steering clear of firms that merely act as intermediaries, to ensure effective legal representation and support in the class action lawsuit.
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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: 1.360
Low
6.00
Averages
8.33
High
10.00
Current: 1.360
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.
Notice of Class Action Lawsuit Against Veritone Securities
- Class Action Initiation: 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 participate in the class action and potentially receive compensation without any out-of-pocket costs.
- Allegations of Financial Misconduct: The lawsuit alleges that Veritone made false and misleading statements during the class period, including inaccurately recording and misclassifying revenue and costs, which led to inflated financial statements and diminished investor confidence.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, demonstrating its success and resource advantages in this legal domain.
- Investor Guidance: Investors are advised to select law firms with proven track records to ensure effective legal support in class actions, avoiding firms that merely act as intermediaries without substantial litigation experience.
See More
Veritone Faces Securities Class Action Lawsuit
- Lawsuit Background: Veritone, Inc. is facing a securities class action lawsuit after admitting that certain previously filed financial statements should no longer be relied upon, representing investors who purchased securities between October 14, 2025, and April 14, 2026, highlighting serious issues with the company's financial transparency.
- Stock Price Volatility: Since March 26, 2026, Veritone's stock price has significantly declined due to a series of financial issues, with a drop of over 29% on the first day, followed by further declines of over 9% and 8% on April 1 and April 14, respectively, reflecting extreme market concern regarding the company's financial health.
- Financial Misconduct: The lawsuit alleges that Veritone failed to accurately record and classify certain revenues and costs, leading to overstated revenues, assets, and other comprehensive income, indicating potential misconduct in financial reporting that could result in substantial losses for investors.
- Investigation Progress: Hagens Berman has initiated an investigation into whether Veritone and its management intentionally misled investors, encouraging affected investors to submit their losses, suggesting that the case could have far-reaching implications for the company's future operations and reputation.
See More
Multiple Companies Facing Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is accused of making false statements regarding its long-term growth outlook during the period from May 2025 to March 2026, claiming reliable revenue growth while the uncertainty of its pharmaceutical marketing commitments jeopardizes the 2027 revenue target.
- Sportradar Allegations: Sportradar Group AG faces accusations of collaborating with black-market gambling operators from November 2024 to April 2026, despite its claims of strict legal compliance, resulting in materially misleading statements about its business prospects.
- Commvault Sales Issues: Commvault Systems Inc. is alleged to have failed to disclose the impact of different sales types on its annual recurring revenue (ARR) growth from April 2025 to January 2026, leading to misleading positive statements about its business operations.
- Veritone Financial Misconduct: Veritone, Inc. is accused 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 Faces Class Action for Securities Fraud
- Lawsuit Background: Veritone, Inc. is facing a class action lawsuit for alleged violations of securities laws between October 14, 2025, and April 14, 2026, claiming significant misstatements in financial reports that may have led to investor losses.
- Financial Data Dispute: The lawsuit alleges that Veritone overstated Q3 2025 revenue in its October 2025 prospectus by approximately $2.2 million, representing about 8% of quarterly revenue, which misled investors in their purchasing decisions.
- Internal Control Deficiencies: The complaint highlights that Veritone failed to disclose significant weaknesses in internal controls, leading to an overstatement of accounts receivable by $0.9 million and accumulated other comprehensive income by $1.5 million, severely impacting the company's financial transparency.
- Investor Rights Protection: Under the PSLRA, affected investors are entitled to seek compensation, and Levi & Korsinsky law firm offers free evaluations to ensure investors are adequately protected in the legal process.
See More
Class Action Lawsuits Filed for Multiple Companies
- Phreesia Shareholder Lawsuit: A class action lawsuit against Phreesia Inc. alleges that the company misrepresented its long-term growth outlook from May 2025 to March 2026, putting its 2027 revenue target at risk, with a lead plaintiff deadline of July 13, 2026.
- Sportradar Compliance Violations: Sportradar Group AG faces a class action lawsuit for allegedly collaborating with black-market gambling operators to boost revenues while failing to disclose deficiencies in its compliance processes, with a deadline for investors to act by July 17, 2026.
- Commvault Misleading Sales: The class action against Commvault Systems Inc. claims the company did not accurately assess the impact of different sales types on its annual recurring revenue growth, leading to misleading positive statements about its business prospects, with a lead plaintiff deadline of July 17, 2026.
- Veritone Financial Restatement Risk: Veritone, Inc. is facing a class action lawsuit for inaccurately recording revenue and costs, necessitating a restatement of financial statements, with a deadline for investors to file a lead plaintiff motion by July 20, 2026.
See More
Veritone Faces Class Action Lawsuit Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Veritone, Inc., alleging violations of federal securities laws on behalf of all investors who purchased Veritone securities between October 14, 2025, and April 14, 2026.
- Financial Misconduct: The complaint alleges that Veritone inaccurately recorded and misclassified revenue and costs, resulting in an overstatement of revenue, assets, and accounts receivable, which severely misled investors regarding the company's financial health.
- Internal Control Deficiencies: The lawsuit highlights deficiencies in Veritone's internal controls over accounting and financial reporting, necessitating a restatement of certain financial statements, which further eroded investor confidence and damaged the company's reputation.
- Investor Action Call: Affected investors are encouraged to apply to be lead plaintiffs by July 20, 2026, with Bronstein, Gewirtz & Grossman, LLC representing them on a contingency fee basis, meaning they only pay if the case is successful, thus reducing litigation costs for investors.
See More
Notice of Class Action Lawsuit Against Veritone Securities
- Class Action Initiation: 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 participate in the class action and potentially receive compensation without any out-of-pocket costs.
- Allegations of Financial Misconduct: The lawsuit alleges that Veritone made false and misleading statements during the class period, including inaccurately recording and misclassifying revenue and costs, which led to inflated financial statements and diminished investor confidence.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, demonstrating its success and resource advantages in this legal domain.
- Investor Guidance: Investors are advised to select law firms with proven track records to ensure effective legal support in class actions, avoiding firms that merely act as intermediaries without substantial litigation experience.
See More
Veritone Faces Securities Class Action Lawsuit
- Lawsuit Background: Veritone, Inc. is facing a securities class action lawsuit after admitting that certain previously filed financial statements should no longer be relied upon, representing investors who purchased securities between October 14, 2025, and April 14, 2026, highlighting serious issues with the company's financial transparency.
- Stock Price Volatility: Since March 26, 2026, Veritone's stock price has significantly declined due to a series of financial issues, with a drop of over 29% on the first day, followed by further declines of over 9% and 8% on April 1 and April 14, respectively, reflecting extreme market concern regarding the company's financial health.
- Financial Misconduct: The lawsuit alleges that Veritone failed to accurately record and classify certain revenues and costs, leading to overstated revenues, assets, and other comprehensive income, indicating potential misconduct in financial reporting that could result in substantial losses for investors.
- Investigation Progress: Hagens Berman has initiated an investigation into whether Veritone and its management intentionally misled investors, encouraging affected investors to submit their losses, suggesting that the case could have far-reaching implications for the company's future operations and reputation.
See More
Multiple Companies Facing Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is accused of making false statements regarding its long-term growth outlook during the period from May 2025 to March 2026, claiming reliable revenue growth while the uncertainty of its pharmaceutical marketing commitments jeopardizes the 2027 revenue target.
- Sportradar Allegations: Sportradar Group AG faces accusations of collaborating with black-market gambling operators from November 2024 to April 2026, despite its claims of strict legal compliance, resulting in materially misleading statements about its business prospects.
- Commvault Sales Issues: Commvault Systems Inc. is alleged to have failed to disclose the impact of different sales types on its annual recurring revenue (ARR) growth from April 2025 to January 2026, leading to misleading positive statements about its business operations.
- Veritone Financial Misconduct: Veritone, Inc. is accused 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 Faces Class Action for Securities Fraud
- Lawsuit Background: Veritone, Inc. is facing a class action lawsuit for alleged violations of securities laws between October 14, 2025, and April 14, 2026, claiming significant misstatements in financial reports that may have led to investor losses.
- Financial Data Dispute: The lawsuit alleges that Veritone overstated Q3 2025 revenue in its October 2025 prospectus by approximately $2.2 million, representing about 8% of quarterly revenue, which misled investors in their purchasing decisions.
- Internal Control Deficiencies: The complaint highlights that Veritone failed to disclose significant weaknesses in internal controls, leading to an overstatement of accounts receivable by $0.9 million and accumulated other comprehensive income by $1.5 million, severely impacting the company's financial transparency.
- Investor Rights Protection: Under the PSLRA, affected investors are entitled to seek compensation, and Levi & Korsinsky law firm offers free evaluations to ensure investors are adequately protected in the legal process.
See More
Class Action Lawsuits Filed for Multiple Companies
- Phreesia Shareholder Lawsuit: A class action lawsuit against Phreesia Inc. alleges that the company misrepresented its long-term growth outlook from May 2025 to March 2026, putting its 2027 revenue target at risk, with a lead plaintiff deadline of July 13, 2026.
- Sportradar Compliance Violations: Sportradar Group AG faces a class action lawsuit for allegedly collaborating with black-market gambling operators to boost revenues while failing to disclose deficiencies in its compliance processes, with a deadline for investors to act by July 17, 2026.
- Commvault Misleading Sales: The class action against Commvault Systems Inc. claims the company did not accurately assess the impact of different sales types on its annual recurring revenue growth, leading to misleading positive statements about its business prospects, with a lead plaintiff deadline of July 17, 2026.
- Veritone Financial Restatement Risk: Veritone, Inc. is facing a class action lawsuit for inaccurately recording revenue and costs, necessitating a restatement of financial statements, with a deadline for investors to file a lead plaintiff motion by July 20, 2026.
See More
Veritone Faces Class Action Lawsuit Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Veritone, Inc., alleging violations of federal securities laws on behalf of all investors who purchased Veritone securities between October 14, 2025, and April 14, 2026.
- Financial Misconduct: The complaint alleges that Veritone inaccurately recorded and misclassified revenue and costs, resulting in an overstatement of revenue, assets, and accounts receivable, which severely misled investors regarding the company's financial health.
- Internal Control Deficiencies: The lawsuit highlights deficiencies in Veritone's internal controls over accounting and financial reporting, necessitating a restatement of certain financial statements, which further eroded investor confidence and damaged the company's reputation.
- Investor Action Call: Affected investors are encouraged to apply to be lead plaintiffs by July 20, 2026, with Bronstein, Gewirtz & Grossman, LLC representing them on a contingency fee basis, meaning they only pay if the case is successful, thus reducing litigation costs for investors.
See More
