Reminder of Veritone Securities Class Action
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: Globenewswire
- Lawsuit Background: Levi & Korsinsky LLP reminds investors of a pending securities class action against Veritone, Inc. (NASDAQ: VERI) for securities purchased between October 14, 2025, and April 14, 2026, with a deadline for lead plaintiff applications set for July 20, 2026.
- Stock Price Volatility: On March 27, 2026, VERI shares plummeted by 29.5%, losing $0.77 per share due to the initial disclosure of accounting issues, followed by further declines of 9.14% and 8.3% on subsequent disclosures, indicating significant investor concerns regarding the company's financial transparency.
- Revenue Recognition Dispute: The lawsuit alleges that Veritone improperly recognized $13 million in revenue from a non-monetary transaction, despite the software's estimated standalone selling price ranging from $0.4 million to $11.3 million, leading to significant misrepresentation in financial statements that could impact investor decisions.
- Financial Data Misstatements: Veritone's Q3 2025 report indicated a $2.2 million revenue overstatement from software valuation errors, representing approximately 8% of reported revenue, while accounts receivable and accumulated other comprehensive income were also overstated, reflecting serious deficiencies in the company's internal controls.
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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: 1.820
Low
6.00
Averages
8.33
High
10.00
Current: 1.820
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.
Reminder of 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 regarding its financial reporting, including inaccurately recording and misclassifying revenue and costs, which led to inflated financial metrics and investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this legal domain.
- Investor Guidance: Investors are advised to carefully select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation in the class action.
See More
Class Action Lawsuit Announced for Veritone Securities
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of Veritone, Inc. (NASDAQ:VERI) securities purchasers from October 14, 2025, to April 14, 2026, with a deadline of July 20, 2026, for potential lead plaintiffs, highlighting the urgency and significance of the litigation.
- Potential Compensation Opportunity: Investors may be entitled to compensation without any out-of-pocket costs through a contingency fee arrangement, attracting affected investors and underscoring the importance of legal avenues in protecting investor rights.
- Allegations of Financial Misconduct: The lawsuit alleges that Veritone made false statements and failed to disclose critical financial information, leading to inflated revenue and assets, which may necessitate restating financial statements, thereby impacting the company's credibility and future financing capabilities.
- Law Firm's Background: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and influence in handling similar cases.
See More
Deadline Alert for Veritone Investors to Seek Lead Plaintiff Appointment
- Claim Deadline: Investors must file motions by July 20, 2026, to seek lead plaintiff status in the Veritone securities class action, making this date critical for those wishing to lead the litigation.
- Stock Price Impact: Veritone's shares plummeted by 29.5% to close at $1.84 on March 27, 2026, after the company disclosed it was finalizing accounting determinations for certain revenue transactions, significantly undermining investor confidence.
- Importance of Lead Plaintiff Role: The lead plaintiff directs litigation strategy and collaborates closely with counsel, with the court evaluating applicants based on representation adequacy, claim typicality, and financial loss size to ensure the class's interests are well represented.
- Rights of Absent Class Members: Investors who do not seek lead plaintiff status retain full rights as absent class members, with no action required before the deadline to preserve their ability to participate in any future settlement or judgment, ensuring their interests remain protected.
See More
Veritone Faces Securities Class Action Lawsuit
- Lawsuit Background: Veritone, Inc. is facing a securities class action lawsuit representing investors who acquired its securities between October 14, 2025, and April 14, 2026, following the company's admission that certain financial statements should no longer be relied upon, which has led to a significant drop in share price.
- Stock Price Volatility: Since March 26, 2026, Veritone's stock price has sharply declined due to a series of financial disclosure issues, including a broad range of preliminary Q4 2025 revenues that caused a more than 29% drop in share price the following day.
- Financial Misconduct: The lawsuit alleges that Veritone failed to accurately record and classify certain revenues and costs, resulting in overstated revenues, assets, and other comprehensive income, with investors learning on April 14, 2026, that the company's financial statements were no longer reliable, leading to an additional over 8% drop in stock price.
- Investigation Progress: Hagens Berman is investigating whether Veritone and its management intentionally misled investors, and encourages investors who suffered substantial losses or have relevant information to contact the firm to assist in the investigation.
See More
Reminder for Veritone Investors on Class Action Deadline
- Financial Reporting Errors: Veritone disclosed a revenue range of $18.1 million to $30 million for Q4 2025, leading to a 29.5% stock price drop on March 27, 2026, indicating severe issues with financial transparency and investor trust.
- Accounting Audit Issues: The NT 10-K filed on April 1, 2026, revealed that delays in finalizing accounting determinations could result in a revenue reduction of $1.5 million to $2.5 million for Q3 2025, highlighting deficiencies in internal controls and negatively impacting investor confidence.
- Risk of Financial Restatement: The Form 8-K filed on April 14, 2026, indicated that previously issued financial statements were no longer reliable due to errors that overstated revenue and understated net loss, exacerbating market concerns about the company's financial health.
- Class Action Initiation: Investors are reminded to file a lead plaintiff motion by July 20, 2026, reflecting the potential for significant losses due to the company's disclosure failures, which pose legal risks to its future operations.
See More
Veritone Faces Class Action Lawsuit from Investors Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced 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 certain revenues and costs, resulting in inflated revenue, assets, and accounts receivable, which severely misled investors regarding the company's financial health.
- Internal Control Deficiencies: The lawsuit also highlights that Veritone maintained deficient internal controls over accounting and financial reporting, necessitating a restatement of certain financial statements, which could further undermine investor confidence and potentially lead to a stock price decline.
- Investor Action: Affected investors have until July 20, 2026, to request to be appointed as lead plaintiff, and Bronstein, Gewirtz & Grossman, LLC will represent investors on a contingency fee basis, ensuring that they are reimbursed for costs only upon successful recovery.
See More
Reminder of 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 regarding its financial reporting, including inaccurately recording and misclassifying revenue and costs, which led to inflated financial metrics and investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, ranked No. 1 by ISS Securities Class Action Services in 2017, demonstrating its expertise and success in this legal domain.
- Investor Guidance: Investors are advised to carefully select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation in the class action.
See More
Class Action Lawsuit Announced for Veritone Securities
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of Veritone, Inc. (NASDAQ:VERI) securities purchasers from October 14, 2025, to April 14, 2026, with a deadline of July 20, 2026, for potential lead plaintiffs, highlighting the urgency and significance of the litigation.
- Potential Compensation Opportunity: Investors may be entitled to compensation without any out-of-pocket costs through a contingency fee arrangement, attracting affected investors and underscoring the importance of legal avenues in protecting investor rights.
- Allegations of Financial Misconduct: The lawsuit alleges that Veritone made false statements and failed to disclose critical financial information, leading to inflated revenue and assets, which may necessitate restating financial statements, thereby impacting the company's credibility and future financing capabilities.
- Law Firm's Background: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and influence in handling similar cases.
See More
Deadline Alert for Veritone Investors to Seek Lead Plaintiff Appointment
- Claim Deadline: Investors must file motions by July 20, 2026, to seek lead plaintiff status in the Veritone securities class action, making this date critical for those wishing to lead the litigation.
- Stock Price Impact: Veritone's shares plummeted by 29.5% to close at $1.84 on March 27, 2026, after the company disclosed it was finalizing accounting determinations for certain revenue transactions, significantly undermining investor confidence.
- Importance of Lead Plaintiff Role: The lead plaintiff directs litigation strategy and collaborates closely with counsel, with the court evaluating applicants based on representation adequacy, claim typicality, and financial loss size to ensure the class's interests are well represented.
- Rights of Absent Class Members: Investors who do not seek lead plaintiff status retain full rights as absent class members, with no action required before the deadline to preserve their ability to participate in any future settlement or judgment, ensuring their interests remain protected.
See More
Veritone Faces Securities Class Action Lawsuit
- Lawsuit Background: Veritone, Inc. is facing a securities class action lawsuit representing investors who acquired its securities between October 14, 2025, and April 14, 2026, following the company's admission that certain financial statements should no longer be relied upon, which has led to a significant drop in share price.
- Stock Price Volatility: Since March 26, 2026, Veritone's stock price has sharply declined due to a series of financial disclosure issues, including a broad range of preliminary Q4 2025 revenues that caused a more than 29% drop in share price the following day.
- Financial Misconduct: The lawsuit alleges that Veritone failed to accurately record and classify certain revenues and costs, resulting in overstated revenues, assets, and other comprehensive income, with investors learning on April 14, 2026, that the company's financial statements were no longer reliable, leading to an additional over 8% drop in stock price.
- Investigation Progress: Hagens Berman is investigating whether Veritone and its management intentionally misled investors, and encourages investors who suffered substantial losses or have relevant information to contact the firm to assist in the investigation.
See More
Reminder for Veritone Investors on Class Action Deadline
- Financial Reporting Errors: Veritone disclosed a revenue range of $18.1 million to $30 million for Q4 2025, leading to a 29.5% stock price drop on March 27, 2026, indicating severe issues with financial transparency and investor trust.
- Accounting Audit Issues: The NT 10-K filed on April 1, 2026, revealed that delays in finalizing accounting determinations could result in a revenue reduction of $1.5 million to $2.5 million for Q3 2025, highlighting deficiencies in internal controls and negatively impacting investor confidence.
- Risk of Financial Restatement: The Form 8-K filed on April 14, 2026, indicated that previously issued financial statements were no longer reliable due to errors that overstated revenue and understated net loss, exacerbating market concerns about the company's financial health.
- Class Action Initiation: Investors are reminded to file a lead plaintiff motion by July 20, 2026, reflecting the potential for significant losses due to the company's disclosure failures, which pose legal risks to its future operations.
See More
Veritone Faces Class Action Lawsuit from Investors Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced 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 certain revenues and costs, resulting in inflated revenue, assets, and accounts receivable, which severely misled investors regarding the company's financial health.
- Internal Control Deficiencies: The lawsuit also highlights that Veritone maintained deficient internal controls over accounting and financial reporting, necessitating a restatement of certain financial statements, which could further undermine investor confidence and potentially lead to a stock price decline.
- Investor Action: Affected investors have until July 20, 2026, to request to be appointed as lead plaintiff, and Bronstein, Gewirtz & Grossman, LLC will represent investors on a contingency fee basis, ensuring that they are reimbursed for costs only upon successful recovery.
See More
