Veritone Faces Class Action Lawsuit Over Securities Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2026
0mins
Source: Globenewswire
- 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 or acquired Veritone securities between October 14, 2025, and April 14, 2026, inclusive.
- Financial Misconduct: The complaint alleges that Veritone made false and misleading statements regarding its financial reporting, inaccurately recording and misclassifying certain revenues and costs, which resulted in inflated revenue, assets, and accounts receivable, misleading investors about the company's financial health.
- Internal Control Deficiencies: The lawsuit highlights that Veritone maintained deficient internal controls over accounting and financial reporting, necessitating the restatement of certain financial statements, which not only undermines investor confidence but may also subject the company to stricter regulatory scrutiny.
- Investor Action: Affected investors have until July 20, 2026, to request to be appointed as lead plaintiff, with Bronstein, Gewirtz & Grossman, LLC representing investors on a contingency fee basis, meaning they only recover costs if successful, thereby reducing the financial burden on investors.
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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: 1.450
Low
6.00
Averages
8.33
High
10.00
Current: 1.450
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 Securities Class Action Lawsuit
- Lawsuit Background: Veritone, Inc. is facing a securities class action lawsuit aimed at representing investors who purchased 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 stock price.
- Stock Price Volatility: Since March 26, 2026, Veritone's stock price has sharply declined due to a series of financial issues, including a more than 29% drop on March 27, followed by declines of over 9% on April 1 and 8% on April 15, reflecting investor panic and loss of confidence.
- Financial Misconduct: The lawsuit alleges that Veritone failed to accurately record and classify certain revenues and costs, resulting in overstated revenues and assets, particularly accounts receivable, which severely impacts investor confidence and may subject the company to stricter audit and compliance requirements.
- Investigation Progress: Hagens Berman has initiated an investigation into whether Veritone and its management intentionally misled investors, encouraging affected investors to submit their losses to support potential legal actions and recoveries.
See More
Veritone Faces Class Action Lawsuit Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman has filed a class action lawsuit against Veritone, 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 made false and misleading statements regarding its financial reporting, inaccurately recording and misclassifying revenue and costs, which led to inflated revenue, assets, and accounts receivable, misleading investors about the company's financial health.
- Internal Control Deficiencies: The lawsuit highlights that Veritone maintained inadequate 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: Affected investors must apply to be lead plaintiffs by July 20, 2026, and Bronstein, Gewirtz & Grossman operates on a contingency fee basis, ensuring that investors do not incur additional costs in pursuing this legal action.
See More
Veritone Faces Securities Fraud Allegations
- False Financial Data: Veritone allegedly inflated its Q3 2025 revenue figures by approximately $2.2 million in its October 2025 prospectus, leading investors to make decisions based on unreliable financials, potentially resulting in significant financial losses.
- Lawsuit Initiation: A class action lawsuit against Veritone was filed on April 14, 2026, alleging violations of securities laws between October 14, 2025, and April 14, 2026, with investors possibly suffering losses due to reliance on false financial information.
- Capital Raising Motivation: The lawsuit claims that Veritone solidified its liquidity position through two equity offerings, with the CEO publicly touting these raises as evidence of strong execution, despite the underlying inflated revenue figures.
- Investor Protection Mechanism: The PSLRA provides rights for harmed investors to demand thorough examinations of false securities statements, particularly when financial data in offering documents is later restated, ensuring their interests are safeguarded.
See More
Faruqi & Faruqi Encourages Veritone Investors to Reach Out
- Legal Action Reminder: Faruq & Faruqi LLP is investigating potential claims against Veritone, Inc., particularly for investors who purchased or acquired securities between October 14, 2025, and April 14, 2026, indicating possible legal risks for the company.
- Investor Contact Information: Securities Litigation Partner Josh Wilson encourages affected investors to contact him directly, providing phone numbers 877-247-4292 and 212-983-9330 (Ext. 1310) to discuss their legal rights and options.
- Class Action Deadline: Investors should note that the deadline to seek the role of lead plaintiff in the federal securities class action against Veritone is July 20, 2026, making this timeline critical for potential claims.
- Company Legal Risks: The initiation of this investigation and class action could negatively impact Veritone's stock price and investor confidence, reflecting market concerns regarding the company's future performance.
See More
Veritone Executives Face Securities Class Action Over Revenue Misstatements
- Lawsuit Background: Veritone, Inc. (NASDAQ:VERI) faces a securities class action against executives Ryan Steelberg and Michael L. Zemetra for alleged revenue overstatements from October 14, 2025, to April 14, 2026, resulting in significant shareholder losses.
- Stock Price Plunge: Following the company's revelation of ongoing finalization of certain revenue transactions, Veritone's stock dropped $0.77 (29.5%) in a single session, indicating severe market concerns regarding the company's financial transparency.
- Executive Accountability: Under the Sarbanes-Oxley Act, Steelberg and Zemetra, as CEO and CFO, are required to certify the accuracy of the company's quarterly and annual filings, yet their signed documents acknowledged a pre-existing material weakness in internal controls.
- Legal Implications: The lawsuit asserts claims under Section 20(a) of the Securities Exchange Act, holding both executives as
See More
Reminder of Securities Fraud Class Action Against Veritone, Inc.
- Class Action Notice: Bernstein Liebhard LLP reminds investors of Veritone, Inc. that the deadline to join the securities fraud class action lawsuit is July 20, 2026, urging prompt submission of claims to participate in the litigation.
- Lawsuit Background: The lawsuit involves investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, alleging violations of the Securities Exchange Act of 1934 due to materially false and misleading statements made by the company and its senior officers.
- Investor Losses: As a result of these misrepresentations, Veritone securities traded at artificially inflated prices during the class period, leading to significant losses for investors when the truth was revealed, highlighting serious issues regarding the company's financial transparency.
- Legal Fee Arrangement: All representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more affected parties to join the lawsuit.
See More
Veritone Faces Securities Class Action Lawsuit
- Lawsuit Background: Veritone, Inc. is facing a securities class action lawsuit aimed at representing investors who purchased 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 stock price.
- Stock Price Volatility: Since March 26, 2026, Veritone's stock price has sharply declined due to a series of financial issues, including a more than 29% drop on March 27, followed by declines of over 9% on April 1 and 8% on April 15, reflecting investor panic and loss of confidence.
- Financial Misconduct: The lawsuit alleges that Veritone failed to accurately record and classify certain revenues and costs, resulting in overstated revenues and assets, particularly accounts receivable, which severely impacts investor confidence and may subject the company to stricter audit and compliance requirements.
- Investigation Progress: Hagens Berman has initiated an investigation into whether Veritone and its management intentionally misled investors, encouraging affected investors to submit their losses to support potential legal actions and recoveries.
See More
Veritone Faces Class Action Lawsuit Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman has filed a class action lawsuit against Veritone, 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 made false and misleading statements regarding its financial reporting, inaccurately recording and misclassifying revenue and costs, which led to inflated revenue, assets, and accounts receivable, misleading investors about the company's financial health.
- Internal Control Deficiencies: The lawsuit highlights that Veritone maintained inadequate 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: Affected investors must apply to be lead plaintiffs by July 20, 2026, and Bronstein, Gewirtz & Grossman operates on a contingency fee basis, ensuring that investors do not incur additional costs in pursuing this legal action.
See More
Veritone Faces Securities Fraud Allegations
- False Financial Data: Veritone allegedly inflated its Q3 2025 revenue figures by approximately $2.2 million in its October 2025 prospectus, leading investors to make decisions based on unreliable financials, potentially resulting in significant financial losses.
- Lawsuit Initiation: A class action lawsuit against Veritone was filed on April 14, 2026, alleging violations of securities laws between October 14, 2025, and April 14, 2026, with investors possibly suffering losses due to reliance on false financial information.
- Capital Raising Motivation: The lawsuit claims that Veritone solidified its liquidity position through two equity offerings, with the CEO publicly touting these raises as evidence of strong execution, despite the underlying inflated revenue figures.
- Investor Protection Mechanism: The PSLRA provides rights for harmed investors to demand thorough examinations of false securities statements, particularly when financial data in offering documents is later restated, ensuring their interests are safeguarded.
See More
Faruqi & Faruqi Encourages Veritone Investors to Reach Out
- Legal Action Reminder: Faruq & Faruqi LLP is investigating potential claims against Veritone, Inc., particularly for investors who purchased or acquired securities between October 14, 2025, and April 14, 2026, indicating possible legal risks for the company.
- Investor Contact Information: Securities Litigation Partner Josh Wilson encourages affected investors to contact him directly, providing phone numbers 877-247-4292 and 212-983-9330 (Ext. 1310) to discuss their legal rights and options.
- Class Action Deadline: Investors should note that the deadline to seek the role of lead plaintiff in the federal securities class action against Veritone is July 20, 2026, making this timeline critical for potential claims.
- Company Legal Risks: The initiation of this investigation and class action could negatively impact Veritone's stock price and investor confidence, reflecting market concerns regarding the company's future performance.
See More
Veritone Executives Face Securities Class Action Over Revenue Misstatements
- Lawsuit Background: Veritone, Inc. (NASDAQ:VERI) faces a securities class action against executives Ryan Steelberg and Michael L. Zemetra for alleged revenue overstatements from October 14, 2025, to April 14, 2026, resulting in significant shareholder losses.
- Stock Price Plunge: Following the company's revelation of ongoing finalization of certain revenue transactions, Veritone's stock dropped $0.77 (29.5%) in a single session, indicating severe market concerns regarding the company's financial transparency.
- Executive Accountability: Under the Sarbanes-Oxley Act, Steelberg and Zemetra, as CEO and CFO, are required to certify the accuracy of the company's quarterly and annual filings, yet their signed documents acknowledged a pre-existing material weakness in internal controls.
- Legal Implications: The lawsuit asserts claims under Section 20(a) of the Securities Exchange Act, holding both executives as
See More
Reminder of Securities Fraud Class Action Against Veritone, Inc.
- Class Action Notice: Bernstein Liebhard LLP reminds investors of Veritone, Inc. that the deadline to join the securities fraud class action lawsuit is July 20, 2026, urging prompt submission of claims to participate in the litigation.
- Lawsuit Background: The lawsuit involves investors who purchased Veritone securities between October 14, 2025, and April 14, 2026, alleging violations of the Securities Exchange Act of 1934 due to materially false and misleading statements made by the company and its senior officers.
- Investor Losses: As a result of these misrepresentations, Veritone securities traded at artificially inflated prices during the class period, leading to significant losses for investors when the truth was revealed, highlighting serious issues regarding the company's financial transparency.
- Legal Fee Arrangement: All representation is on a contingency fee basis, meaning shareholders incur no fees or expenses, which reduces the financial burden on investors and encourages more affected parties to join the lawsuit.
See More
