Market Newsdesk

July 3, 2026 2:10 pm

Veritone, Inc. (VERI) Securities Class Action Filed After Admitting Improper Revenue Accounting – HBSS

SAN FRANCISCO, July 03, 2026 (GLOBE NEWSWIRE) — Veritone, Inc. (NASDAQ: VERI) faces a securities class action lawsuit, which seeks to represent investors who purchased or otherwise acquired Veritone securities between October 14, 2025 and April 14, 2026.

The lawsuit comes in the wake of Veritone’s admission that certain previously filed financial statements should no longer be relied upon. The rolling news culminating in the admission has driven the price of Veritone shares significantly lower since issues began to surface on March 26, 2026.

The developments have prompted Hagens Berman to open an investigation into claims that Veritone and its management violated the federal securities laws. The firm encourages Veritone investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist the investigation to contact its attorneys.

View our latest video summary of the allegations: youtu.be/dflmz_R1g64

Class Period: Oct. 14, 2025 – Apr. 14, 2026
Lead Plaintiff Deadline: July 20, 2026
Visit:www.hbsslaw.com/investor-fraud/veri
Contact the Firm Now: [email protected]
844-916-0895

Veritone, Inc. (VERI) Securities Class Action:

The litigation is focused on the propriety of Veritone’s repeated assurances that it prepared its financial statements in conformity with applicable accounting rules.

Specifically, the complaint alleges that Veritone did not disclose to investors that it did not accurately record and classify certain revenues and costs, and that the company overstated revenues, assets (including accounts receivable), royalties and other comprehensive income.

Investors learned the truth through a series of partial disclosures beginning on March 26, 2026. That day, Veritone provided an unexpectedly broad range of preliminary Q4 2025 revenues, explaining that “it is currently finalizing its accounting determination of certain revenue transactions[.]” This news drove the price of Veritone shares down over 29% the next day.

Then, on April 1, 2026, the company announced that it would not timely file its annual report “due to delays in finalizing the Company’s accounting determination of certain barter revenue transactions[.]” The company also raised the possibility of having to reduce previously recorded revenues and, of additional concern, that revisions or restatements of previously issued financial statements for quarters ended June 30 and September 30, 2025 could be required. This news drove the price of Veritone shares down over 9% that day.

On April 14, 2026, the company revealed that it “determined that the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon” due to misapplied accounting resulting in significant revenue overstatements and net loss understatements. The divergence from accounting rules included “an error in the valuation of consideration received associated with an on-premise software sold and delivered to a customer” and “misclassification of revenue and costs in transactions in which the Company acted as an agent[.]” This news drove the price of Veritone shares down over 8% the next day.

“Our investigation is focused on whether Veritone and its management intentionally misled investors about its financial performance using now-admitted improper accounting,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in Veritone and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to other frequently asked questions about the Veritone case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Veritone should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact:

Reed Kathrein, 844-916-0895

July 3, 2026 2:07 pm

HBSS Investigates Sportradar Group AG (SRAD) Securities Class Action Claims After Short Seller Reports Expose Alleged Illegal Gambling Ties

SAN FRANCISCO, July 03, 2026 (GLOBE NEWSWIRE) — Hagens Berman Sobol Shapiro LLP (HBSS), a leading national securities litigation firm, is investigating claims in a securities class action lawsuit against Sportradar Group (NASDAQ: SRAD) and its executives. The lawsuit is brought on behalf of investors who purchased or otherwise acquired Sportradar Class A ordinary shares between November 7, 2024 and April 21, 2026, and suffered financial losses.

The lawsuit follows the dramatic 22% single day collapse in SRAD stock price on April 22, 2026, triggered by damaging investigative reports from Muddy Waters Research and Callisto Research. These reports accused the company of deceiving investors about the legality of its core business model and true sources of its revenue.

Hagens Berman is actively investigating the claims that Sportradar violated federal securities laws. Investors who lost money on Sportradar stock (SRAD) are encouraged to submit your losses now to learn about their legal options and potential recovery. Individuals with insider knowledge or information relevant to the Hagens Berman investigation are also urged to contact the firm’s attorneys.

View our latest video summary of the allegations: youtu.be/90cf7_368dk

Class Period: Nov. 7, 2024 – Apr. 21, 2026
Lead Plaintiff Deadline: July 17, 2026
Visit:www.hbsslaw.com/investor-fraud/srad
Contact the Firm Now: [email protected]
844-916-0895

What is the Sportradar Group AG (SRAD) Securities Class Action About?

The class action lawsuit alleges that Sportradar misrepresented and concealed that the company deliberately partnered with black-market unlicensed gambling operators to inflate its revenues, despite publicly touting strict legal and regulatory compliance and claiming that ethics and integrity were foundational to the company’s operations.

Investors’ confidence in Sportradar’s business practices, including its purported KYC and Code of Conduct, was shattered on April 22, 2026, when two prominent short seller firms published detailed investigative reports that directly contradicted Sportradar’s prior statements about compliance and corporate governance.

Muddy Waters Research conducted an undercover investigation, analyzed Sportradar’s website code, and interviewed 15 current and former company employees to reach its conclusion that “SRAD has actively aided and abetted illegal gambling across the world’s black and grey markets – not as an accident or an oversight, but as a business strategy.” The firm “estimate[d] that illegal operators today deliver approximately 20-40% of total revenues[]” to Sportradar. Muddy Waters said it “identified nearly 50 companies as current or recent SRAD clients and collaborators who are operating in illegal markets.”

For its part, Callisto examined hundreds of gambling platforms and reported that it found evidence that “over 270 individual platforms (more than a third of the 800 Sportradar claims to serve) are using Sportradar’s products or services, or explicitly claiming to do so, while operating illegally in regulated or prohibited gambling markets.” Callisto also said “[m]any of these operators have no license whatsoever[]” and “a senior former employee we spoke to estimated the exposure to unlicensed operators could be as high as 30-40% of Sportradar’s revenue.”

The market swiftly reacted, wiping out over $800 million of Sportradar’s market capitalization in a single day.

“Hagens Berman is investigating the lawsuit’s claims that Sportradar concealed an illegal business strategy from investors and may have booked revenues derived from unlawful gambling operations,” said Reed Kathrein, the Hagens Berman partner leading the firm’s Sportradar securities fraud investigation.

If you are a Sportradar (SRAD) investor who suffered substantial losses, or if you have information that could assist Hagens Berman’s investigation, contact the firm now.

For information about the Sportradar class action lawsuit and and answers to frequently asked questions, read more »

Whistleblowers: Persons with non-public information regarding Sportradar should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact:

Reed Kathrein, 844-916-0895

July 3, 2026 1:06 pm

Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge’s Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms Confidence in Fermi’s Future

PR Newswire

More than 70% of votes cast to date have been in favor of calling a special meeting, underscoring shareholders’ demand for a special meeting to determine Fermi’s future
After Fermi’s top two law firms recently withdrew from the case, the Texas Business Court judge, who had stated he had no conflict at the outset of the trial, recused himself an hour before yesterday’s hearing—while affirming expedited discovery he awarded Neugebauer last week—setting the proxy on an untenable timeline for shareholders
The recusal requires a new judge to get up to speed on the board’s 70% supermajority bylaw change and discovery approvals, ensuring the timeline no longer supports running a true dual track process on the schedule Fermi requires to be successful
Neugebauer calls on the court to urgently rule on the board’s 70% bylaw supermajority voting power grab as it casts a cloud over Fermi and the future of Texas corporate stewardship at large; pledges to press forward with the judicial process to ensure Texas-style good governance and transparency moving forward
Neugebauer’s call for a special meeting earned the backing of Glass Lewis and Egan-Jones, two of the nation’s leading proxy advisory firms, as well as some of the world’s highest-profile investors
Neugebauer remains highly confident in Fermi’s ability to secure the tenant group, assuming it is the one he and his team were contracting upon his departure
Neugebauer calls for former colleagues to avoid the tendency to outsource Fermi’s execution, and instead embody the original Fermi 2.0 mentality that he began last December as it will be required to execute strong tenant group agreements and partnerships on time and on budget – ‘make us proud’
Above all, Neugebauer’s focus remains on Fermi’s long-term success — the company he envisioned, founded, and built; Just this week, Seeking Alpha referred to Project Matador as the ‘most valuable asset in the AI race’

DALLAS, July 3, 2026 /PRNewswire/ — Toby Neugebauer, co-founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) (“Fermi” or the “Company”), today announced that he is suspending his current proxy campaign — the solicitation of GREEN agent designations to call a special meeting of shareholders — following the presiding judge’s last-minute recusal shortly before yesterday’s scheduled hearing. In recusing himself, the judge reaffirmed the expedited discovery order he issued in Mr. Neugebauer’s favor last week.

“With a new judge now required to get up to speed on the board entrenchment and expedited discovery case, even though we were on a path to be declared victorious, the timeline no longer allows us to seat new directors who can oversee a true strategic dual path process on the schedule Fermi requires to achieve its financial and lease requirements,” said Mr. Neugebauer. “I envisioned and built this company, and nothing matters more to me than its success. I’ll continue to push for good governance through the judicial process but am officially suspending the proxy challenge today.”

“Earning the backing of Glass Lewis and Egan-Jones, two of the nation’s leading proxy advisory firms, along with a majority of the votes cast in this effort, affirmed my call to utilize the 3c’s (cost of capital, construction expertise, and customer) to run the strategic full value process that Fermi shareholders deserved. I’m grateful for the support of shareholders large and small — from individual investors to some of the true legends of finance, including two of my own finance heroes. I also want to thank the incredible leaders who worked 17-hour days, 6 days a week with me to put Fermi in this position – the ones who actually achieved the financing, permitting, and power acquisition wins that made Fermi what she is today, most of whom left hundreds of millions of dollars of performance bonuses on the table to depart after my termination, simply on principle.”

“I remain highly confident in Fermi’s ability to secure the tenant, assuming it is the same tenant group my team and I were contracting at the time of my departure and sincerely desire that they realize the full value of the asset. I know what the asset is worth because I’m the one who put my own capital on the line before engaging shareholders to garner the power assets, and I’m the one who got to oversee building its 2GW foundation. My hope now is that the Board strikes the right contracts that are financeable and executable.”

“To all of the shareholders, employees and other stakeholders who supported my effort to give the owners of Fermi a voice in its future: I remain aligned with you and the success of this Company. I promise that I will continue to monitor the Board’s execution on Project Matador to ensure that it delivers maximum value for all stakeholders, and will not hesitate to resume my campaign to call a special meeting or to elect directors at the annual meeting if appropriate to safeguard the value of Project Matador for its owners and this country.”

“From open letters to webinars, town halls, and social media, my tactics may have been loud and unconventional, but no one can say my team and I were not effective in what we built, nor have I been anything but overly transparent before and after my departure to give Fermi its very best chance of success.”

“When I started Fermi 18 months ago, I saw it as the Manhattan Project of our time. As a patriot, I still see Project Matador coming to fruition as absolutely critical for the future of America’s energy and AI dominance.”

“So back to the story of King Solomon, I’m laying the baby I conceived and birthed down, for the good of the child that I can’t wait to show my grandkids in another ten years. It’s been my family and my great honor and privilege to envision, lead, and build this incredible asset for the country and region we love.”

Important Information

Toby Neugebauer and his affiliated entities, Vicksburg Investments Management LLC and Melissa A. Neugebauer 2020 Trust (collectively with Mr. Neugebauer, the “Fermi Founder Parties”), David A. Daglio, Charles M. Elson, John T. Jimenez, Janet Yang, Sheila Hooda, and Juan A. Pujadas (collectively, the “Participants”) have filed a definitive proxy statement on Schedule 14A, accompanying GREEN agent designation card, and other relevant documents with the SEC in connection with the solicitation of agent designations for calling a special meeting of shareholders to be held as promptly as practicable (the “Special Meeting”).

THE PARTICIPANTS STRONGLY ADVISE ALL SHAREHOLDERS OF THE COMPANY TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING THE GREEN AGENT DESIGNATIONS CARD, THAT HAVE BEEN AND WILL BE FILED BY THE PARTICIPANTS AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS ARE AND WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

Mr. Neugebauer beneficially owns 146,516,035 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), composed of: (i) Vicksburg Investments Management LLC beneficially owns 44,656,376 shares of Common Stock; (ii) 94,359,659 shares of Common Stock beneficially owned by the Melissa A. Neugebauer 2020 Trust; and (iii) 7,500,000 shares of Common Stock underlying restricted stock units held by Mr. Neugebauer that vested in connection with his termination without cause. As of the date hereof, none of the other Participants beneficially own any shares of Common Stock.

Media Contact: [email protected]

View original content:https://www.prnewswire.com/news-releases/neugebauer-suspends-current-proxy-campaign-while-leading-with-about-70-of-votes-recorded-following-judges-inexplicable-last-minute-recusal-that-throws-off-timeline-for-strategic-process-reaffirms-confidence-in-fermis-future-302817742.html

SOURCE Toby Neugebauer

July 3, 2026 12:54 pm

Did Monolithic Power Systems, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Monolithic Power Systems, Inc. (NASDAQ: MPWR) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own Monolithic stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Shareholder involvement can help improve a company’s policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-monolithic-power-systems-inc-insiders-breach-their-fiduciary-duties-to-shareholders-302817700.html

SOURCE Halper Sadeh LLP

July 3, 2026 12:53 pm

Did MongoDB, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of MongoDB, Inc. (NASDAQ: MDB) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own MongoDB stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Attorney Advertising. Prior results do not guarantee a similar outcome.

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-mongodb-inc-insiders-breach-their-fiduciary-duties-to-shareholders-302817691.html

SOURCE Halper Sadeh LLP

July 3, 2026 12:52 pm

Did Humana Inc. Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Humana Inc. (NYSE: HUM) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own Humana stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Attorney Advertising. Prior results do not guarantee a similar outcome.

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-humana-inc-insiders-breach-their-fiduciary-duties-to-shareholders-302817694.html

SOURCE Halper Sadeh LLP

July 3, 2026 12:51 pm

Did The Scotts Miracle-Gro Company Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders are urged to contact the firm immediately at no cost or obligation, as there may be limited time to enforce your rights.

We would handle the matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of The Scotts Miracle-Gro Company (NYSE: SMG) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own Scotts Miracle-Gro stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Attorney Advertising. Prior results do not guarantee a similar outcome.

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-the-scotts-miracle-gro-company-insiders-breach-their-fiduciary-duties-to-shareholders-302817689.html

SOURCE Halper Sadeh LLP

July 3, 2026 12:50 pm

Did Extreme Networks, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders are urged to contact the firm immediately at no cost or obligation, as there may be limited time to enforce your rights.

We would handle the matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Extreme Networks, Inc. (NASDAQ: EXTR) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own Extreme Networks stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Attorney Advertising. Prior results do not guarantee a similar outcome.

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-extreme-networks-inc-insiders-breach-their-fiduciary-duties-to-shareholders-302817692.html

SOURCE Halper Sadeh LLP

July 3, 2026 12:49 pm

Did NIKE, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders are urged to contact the firm immediately at no cost or obligation, as there may be limited time to enforce your rights.

We would handle the matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of NIKE, Inc. (NYSE: NKE) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own NIKE stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Attorney Advertising. Prior results do not guarantee a similar outcome.

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-nike-inc-insiders-breach-their-fiduciary-duties-to-shareholders-302817688.html

SOURCE Halper Sadeh LLP

July 3, 2026 12:48 pm

Did Five9, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

PR Newswire

Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

NEW YORK, July 3, 2026 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Five9, Inc. (NASDAQ: FIVN) breached their fiduciary duties to shareholders.

(PRNewsfoto/Halper Sadeh LLP)

If you currently own Five9 stock and are a long-term shareholder,
you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Attorney Advertising. Prior results do not guarantee a similar outcome.

View original content to download multimedia:https://www.prnewswire.com/news-releases/did-five9-inc-insiders-breach-their-fiduciary-duties-to-shareholders-302817687.html

SOURCE Halper Sadeh LLP