Veritone Securities Class Action Filed

Faruqi & Faruqi, a national securities law firm, is investigating and has filed a federal securities class action lawsuit against Veritone. The lawsuit alleges that Veritone and its executives violated federal securities laws by making false and misleading statements and failing to disclose that the company inaccurately recorded and misclassified certain revenue and costs. This resulted in an overstatement of revenue, assets, accounts receivable, royalties, and other comprehensive income, and indicated deficient internal controls. As a consequence, Veritone was forced to restate its financial statements. The disclosures led to significant drops in Veritone's stock price, injuring investors. The deadline for investors to seek the role of lead plaintiff in the class action is July 20, 2026.