Faruqi & Faruqi, LLP, Levi & Korsinsky, LLP, and Pomerantz LLP reminded investors of the July 20, 2026, lead plaintiff deadline. This federal securities class action lawsuit targets Veritone, Inc. for allegedly making false and misleading statements.
The lawsuit claims Veritone inaccurately recorded and misclassified revenue and costs. Allegations state the company overstated its revenue, assets, and accounts receivable.
Veritone reportedly maintained deficient internal controls over financial reporting. The company will allegedly be forced to restate certain financial statements.
The class period covers investors who purchased securities between October 14, 2025, and April 14, 2026. Veritone's stock price dropped significantly following announcements of reporting delays and potential financial adjustments.