Glancy Prongay Wolke & Rotter LLP reminds Veritone investors of a July 20, 2026 deadline to move for lead plaintiff in a class action covering purchases between October 14, 2025 and April 14, 2026. The suit alleges the company made false statements and failed to disclose that it inaccurately recorded or misclassified revenue and costs, overstated revenue and other financial items, and maintained deficient internal controls, leading to a restatement. A series of disclosures beginning March 26, 2026, including a preliminary fourth-quarter revenue range of $18.1 million to $30.0 million, a delayed 10-K filing citing barter revenue accounting issues, and an April 14, 2026 8-K stating prior financials should no longer be relied upon, caused Veritone’s stock to drop 29.5%, 9.14%, and 8.3% on respective trading days.
Veritone IncSecurities fraud class action lawsuit alleging false statements and accounting issues, leading to stock drops.