Rosen Law Firm and Hagens Berman issued reminders to Veritone, Inc. investors regarding a securities class-action lawsuit. The deadline to move for lead plaintiff is July 20, 2026. The legal action applies to investors who purchased securities between October 14, 2025, and April 14, 2026.
The lawsuit alleges Veritone made materially false statements and failed to disclose critical financial information. Specifically, the company reportedly misclassified revenue and costs. These accounting practices allegedly resulted in overstated revenue, assets, and accounts receivable.
The complaint claims Veritone maintained deficient internal controls over its financial reporting. These failures will reportedly necessitate a restatement of the company's financial statements.