Glancy Prongay Wolke & Rotter LLP reminds Veritone, Inc. shareholders of a July 20, 2026 deadline to move for lead plaintiff in a class action over alleged securities fraud. The suit covers investors who purchased or acquired Veritone securities between October 14, 2025 and April 14, 2026. The complaint alleges the company made false and misleading statements and failed to disclose that it inaccurately recorded or misclassified certain revenue and costs, overstated revenue and other financial metrics, and maintained deficient internal controls, ultimately forcing restatements. A series of disclosures in March and April 2026—including a preliminary revenue range of $18.1 million to $30.0 million for the fourth quarter of 2025, a filing delay tied to barter revenue accounting, a potential $1.5 million to $2.5 million revenue reduction for the quarter ended September 30, 2025, and an admission that prior financials should no longer be relied upon—caused Veritone’s stock to drop 29.5%, 9.14%, and 8.3% on three separate trading days.
Veritone IncSecurities fraud class action over alleged false financial statements and revenue restatements.