Pomerantz LLP has filed a class action lawsuit against Veritone, Inc. over potential securities fraud, and investors have until July 20, 2026 to seek lead plaintiff appointment. The suit follows a series of disclosures beginning on March 26, 2026, when Veritone announced preliminary fourth-quarter 2025 revenue of $18.1 million to $30.0 million and said it was finalizing accounting for certain revenue transactions under ASC 606, causing its stock to drop 29.5% to $1.84 per share. On April 1, 2026, the company filed a Form NT 10-K revealing delays in its annual report due to accounting analysis of barter revenue transactions that could reduce previously reported revenue for the quarter ended September 30, 2025 by $1.5 million to $2.5 million, and shares fell another 9.14% to $1.79. Then on April 14, 2026, Veritone filed a Form 8-K stating that its unaudited financial statements for the three and nine months ended September 30, 2025 should no longer be relied upon because of errors that significantly overstated revenue and understated net loss, sending the stock down 8.3% to $2.09 per share.
Veritone IncClass action lawsuit for securities fraud and accounting errors that overstated revenue.