Veritone Faces Class Action Lawsuit for Securities Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 55 minutes ago
0mins
Source: Globenewswire
- Class Action Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Veritone for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between October 14, 2025, and April 14, 2026, with a deadline for contact set for July 20, 2026.
- Misleading Financial Reporting: The complaint alleges that Veritone misclassified certain revenues and costs, resulting in inflated revenue and accounts receivable figures, which severely misled investors regarding the company's financial health during the class period.
- Lack of Audit Controls: The company failed to maintain adequate controls over accounting and financial reporting, necessitating a restatement of financial statements, which not only harmed investor interests but could also trigger further investigations by regulatory bodies.
- Investor Losses: As the market became aware of Veritone's true financial situation, investors faced significant losses, prompting the Schall Law Firm to encourage affected shareholders to join the lawsuit for potential recovery, highlighting concerns over corporate governance and transparency.
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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: 2.280
Low
6.00
Averages
8.33
High
10.00
Current: 2.280
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.
Veritone Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Veritone for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between October 14, 2025, and April 14, 2026, with a deadline for contact set for July 20, 2026.
- Misleading Financial Reporting: The complaint alleges that Veritone misclassified certain revenues and costs, resulting in inflated revenue and accounts receivable figures, which severely misled investors regarding the company's financial health during the class period.
- Lack of Audit Controls: The company failed to maintain adequate controls over accounting and financial reporting, necessitating a restatement of financial statements, which not only harmed investor interests but could also trigger further investigations by regulatory bodies.
- Investor Losses: As the market became aware of Veritone's true financial situation, investors faced significant losses, prompting the Schall Law Firm to encourage affected shareholders to join the lawsuit for potential recovery, highlighting concerns over corporate governance and transparency.
See More
Veritone Faces Class Action Over Financial Reporting Failures
- Lawsuit Background: Robbins LLP reminds shareholders that a class action has been filed on behalf of investors who purchased Veritone, Inc. (NASDAQ:VERI) securities between October 14, 2025, and April 14, 2026, alleging the company failed to disclose deficiencies in its internal financial reporting controls.
- Financial Misrepresentation Allegations: The complaint claims that during the class period, Veritone inaccurately recorded and misclassified certain revenues and costs, resulting in overstated revenue, assets, and comprehensive income, which severely undermined investor confidence.
- Deficient Internal Controls: The lawsuit highlights that Veritone maintained inadequate internal controls over accounting and financial reporting, ultimately forcing the company to restate certain financial statements, exacerbating investor losses.
- Shareholder Action Guidance: Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers by July 20, 2026, with Robbins LLP offering contingency fee representation to ensure shareholder rights are protected.
See More
Class Action Lawsuit Announced for Veritone Securities
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased Veritone, Inc. (NASDAQ:VERI) securities between October 14, 2025, and April 14, 2026, indicating potential financial misreporting that could lead to investor losses.
- Financial Misrepresentation Allegations: The lawsuit claims that Veritone inaccurately recorded and misclassified certain revenues and costs, resulting in inflated revenue, assets, and accounts receivable, which misled investors about the company's financial health and may necessitate restating financial statements.
- Investor Rights Protection: Investors participating in the class action can seek compensation without any out-of-pocket costs through a contingency fee arrangement, encouraging affected investors to apply as lead plaintiffs by July 20, 2026, to represent other investors in the litigation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first in 2017 for the number of securities class action settlements, showcasing its expertise and successful track record in this field.
See More
Veritone Faces Class Action Lawsuit Impacting Stock Price
- Lawsuit Background: Gainey McKenna & Egleston has filed a securities class action lawsuit in the Central District of California on behalf of all individuals who purchased Veritone, Inc. securities between October 14, 2025, and April 14, 2026, alleging significant undisclosed financial reporting issues.
- Financial Misrepresentation Claims: The complaint alleges that Veritone inaccurately recorded and misclassified revenue and costs, resulting in inflated revenue, assets, and other comprehensive income, which misled investors regarding the company's financial health.
- Internal Control Deficiencies: It also highlights deficiencies in Veritone's internal controls over accounting and financial reporting, necessitating a restatement of certain financial statements, which could further damage the company's reputation and investor confidence.
- Stock Price Impact: As a result of these financial issues, Veritone's stock price has declined, causing harm to investors, and the class action aims to seek compensation for those affected by these developments.
See More
Class Action Lawsuits Filed for Multiple Companies
- Lawsuit Overview: The Law Offices of Frank R. Cruz remind investors of class action lawsuits filed against Sportradar Group AG, Commvault Systems Inc., and Veritone, Inc., covering periods from November 2024 to April 2026, April 2025 to January 2026, and October 2025 to April 2026, respectively, with deadlines for lead plaintiff motions approaching.
- Sportradar Allegations: Sportradar is accused of intentionally collaborating with black-market gambling operators to boost revenues, despite claims of strict legal compliance, resulting in materially misleading statements about the company's business that could lead to significant financial losses for shareholders.
- Commvault Litigation Details: Commvault is alleged to have failed to disclose the impact of different sales types on its annual recurring revenue (ARR) growth, leading to projections that lacked a reasonable basis, which could undermine investor confidence in the company's future prospects.
- Veritone Financial Issues: Veritone faces accusations of inaccurately recording and misclassifying revenue and costs, resulting in inflated financial statements and deficient internal controls, potentially necessitating a restatement of financials, which undermines the credibility of the company's positive assertions and affects shareholder interests.
See More
Pomerantz LLP Investigates Securities Fraud Claims Against Veritone
- Securities Fraud Investigation: Pomerantz LLP is investigating claims against Veritone, Inc. regarding potential securities fraud and other unlawful business practices, aiming to protect investor rights and pursue legal remedies.
- Financial Statement Revision: On April 14, 2026, Veritone disclosed to the SEC that its unaudited financial statements for the three and nine months ended September 30, 2025 contained five categories of errors, collectively reducing quarterly revenue by $2.48 million (8.53%) from $26.63 million to $24.15 million.
- Stock Price Impact: Following the announcement of the financial statement revisions, Veritone's stock price fell by $0.19 (8.33%) to close at $2.09 per share on April 15, 2026, indicating market concerns regarding the company's financial health.
- Legal Action Outlook: Pomerantz LLP, recognized for its expertise in securities class action litigation, is expected to conduct a thorough investigation into Veritone's management and board to determine if there have been breaches of fiduciary duty, potentially leading to significant legal actions.
See More
Veritone Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Veritone for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between October 14, 2025, and April 14, 2026, with a deadline for contact set for July 20, 2026.
- Misleading Financial Reporting: The complaint alleges that Veritone misclassified certain revenues and costs, resulting in inflated revenue and accounts receivable figures, which severely misled investors regarding the company's financial health during the class period.
- Lack of Audit Controls: The company failed to maintain adequate controls over accounting and financial reporting, necessitating a restatement of financial statements, which not only harmed investor interests but could also trigger further investigations by regulatory bodies.
- Investor Losses: As the market became aware of Veritone's true financial situation, investors faced significant losses, prompting the Schall Law Firm to encourage affected shareholders to join the lawsuit for potential recovery, highlighting concerns over corporate governance and transparency.
See More
Veritone Faces Class Action Over Financial Reporting Failures
- Lawsuit Background: Robbins LLP reminds shareholders that a class action has been filed on behalf of investors who purchased Veritone, Inc. (NASDAQ:VERI) securities between October 14, 2025, and April 14, 2026, alleging the company failed to disclose deficiencies in its internal financial reporting controls.
- Financial Misrepresentation Allegations: The complaint claims that during the class period, Veritone inaccurately recorded and misclassified certain revenues and costs, resulting in overstated revenue, assets, and comprehensive income, which severely undermined investor confidence.
- Deficient Internal Controls: The lawsuit highlights that Veritone maintained inadequate internal controls over accounting and financial reporting, ultimately forcing the company to restate certain financial statements, exacerbating investor losses.
- Shareholder Action Guidance: Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers by July 20, 2026, with Robbins LLP offering contingency fee representation to ensure shareholder rights are protected.
See More
Class Action Lawsuit Announced for Veritone Securities
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased Veritone, Inc. (NASDAQ:VERI) securities between October 14, 2025, and April 14, 2026, indicating potential financial misreporting that could lead to investor losses.
- Financial Misrepresentation Allegations: The lawsuit claims that Veritone inaccurately recorded and misclassified certain revenues and costs, resulting in inflated revenue, assets, and accounts receivable, which misled investors about the company's financial health and may necessitate restating financial statements.
- Investor Rights Protection: Investors participating in the class action can seek compensation without any out-of-pocket costs through a contingency fee arrangement, encouraging affected investors to apply as lead plaintiffs by July 20, 2026, to represent other investors in the litigation.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first in 2017 for the number of securities class action settlements, showcasing its expertise and successful track record in this field.
See More
Veritone Faces Class Action Lawsuit Impacting Stock Price
- Lawsuit Background: Gainey McKenna & Egleston has filed a securities class action lawsuit in the Central District of California on behalf of all individuals who purchased Veritone, Inc. securities between October 14, 2025, and April 14, 2026, alleging significant undisclosed financial reporting issues.
- Financial Misrepresentation Claims: The complaint alleges that Veritone inaccurately recorded and misclassified revenue and costs, resulting in inflated revenue, assets, and other comprehensive income, which misled investors regarding the company's financial health.
- Internal Control Deficiencies: It also highlights deficiencies in Veritone's internal controls over accounting and financial reporting, necessitating a restatement of certain financial statements, which could further damage the company's reputation and investor confidence.
- Stock Price Impact: As a result of these financial issues, Veritone's stock price has declined, causing harm to investors, and the class action aims to seek compensation for those affected by these developments.
See More
Class Action Lawsuits Filed for Multiple Companies
- Lawsuit Overview: The Law Offices of Frank R. Cruz remind investors of class action lawsuits filed against Sportradar Group AG, Commvault Systems Inc., and Veritone, Inc., covering periods from November 2024 to April 2026, April 2025 to January 2026, and October 2025 to April 2026, respectively, with deadlines for lead plaintiff motions approaching.
- Sportradar Allegations: Sportradar is accused of intentionally collaborating with black-market gambling operators to boost revenues, despite claims of strict legal compliance, resulting in materially misleading statements about the company's business that could lead to significant financial losses for shareholders.
- Commvault Litigation Details: Commvault is alleged to have failed to disclose the impact of different sales types on its annual recurring revenue (ARR) growth, leading to projections that lacked a reasonable basis, which could undermine investor confidence in the company's future prospects.
- Veritone Financial Issues: Veritone faces accusations of inaccurately recording and misclassifying revenue and costs, resulting in inflated financial statements and deficient internal controls, potentially necessitating a restatement of financials, which undermines the credibility of the company's positive assertions and affects shareholder interests.
See More
Pomerantz LLP Investigates Securities Fraud Claims Against Veritone
- Securities Fraud Investigation: Pomerantz LLP is investigating claims against Veritone, Inc. regarding potential securities fraud and other unlawful business practices, aiming to protect investor rights and pursue legal remedies.
- Financial Statement Revision: On April 14, 2026, Veritone disclosed to the SEC that its unaudited financial statements for the three and nine months ended September 30, 2025 contained five categories of errors, collectively reducing quarterly revenue by $2.48 million (8.53%) from $26.63 million to $24.15 million.
- Stock Price Impact: Following the announcement of the financial statement revisions, Veritone's stock price fell by $0.19 (8.33%) to close at $2.09 per share on April 15, 2026, indicating market concerns regarding the company's financial health.
- Legal Action Outlook: Pomerantz LLP, recognized for its expertise in securities class action litigation, is expected to conduct a thorough investigation into Veritone's management and board to determine if there have been breaches of fiduciary duty, potentially leading to significant legal actions.
See More
