Veritone, Inc. faces a securities class action lawsuit on behalf of investors who purchased Veritone securities between October 14, 2025 and April 14, 2026. The lawsuit follows Veritone's admission that certain previously filed financial statements should no longer be relied upon, after the company disclosed it did not accurately record and classify certain revenues and costs, overstating revenues, assets, royalties and other comprehensive income. Partial disclosures beginning March 26, 2026 drove Veritone shares down over 29% the next day, with further drops of over 9% on April 1, 2026 and over 8% on April 15, 2026 after subsequent announcements. Hagens Berman is investigating claims that Veritone and its management violated federal securities laws, and the lead plaintiff deadline is July 20, 2026.
Veritone IncVeritone faces a securities class action lawsuit over admitted improper revenue accounting, which is a legal/regulatory event.