{"id":969726,"date":"2026-06-02T16:10:41","date_gmt":"2026-06-02T20:10:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/veritone-inc-veri-securities-class-action-filed-after-admitting-improper-revenue-accounting-hbss-2\/"},"modified":"2026-06-02T16:10:41","modified_gmt":"2026-06-02T20:10:41","slug":"veritone-inc-veri-securities-class-action-filed-after-admitting-improper-revenue-accounting-hbss-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/veritone-inc-veri-securities-class-action-filed-after-admitting-improper-revenue-accounting-hbss-2\/","title":{"rendered":"Veritone, Inc. (VERI) Securities Class Action Filed After Admitting Improper Revenue Accounting \u2013 HBSS"},"content":{"rendered":"

\nVERI Investors with Losses Encouraged to Contact the Firm
\n<\/h2>\n
\n

SAN FRANCISCO, June 02, 2026 (GLOBE NEWSWIRE) — Veritone, Inc. (NASDAQ: VERI<\/strong>) 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.<\/p>\n

The lawsuit comes in the wake of Veritone\u2019s 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.<\/p>\n

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<\/a>. The firm also encourages persons with knowledge who may be able to assist the investigation to contact its attorneys.<\/p>\n

\n Class Period: <\/strong>Oct. 14, 2025 \u2013 Apr. 14, 2026
Lead Plaintiff Deadline: <\/strong>July 20, 2026
Visit:<\/strong>www.hbsslaw.com\/investor-fraud\/veri<\/a>
Contact the Firm Now: <\/strong>VERI@hbsslaw.com<\/a>
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 844-916-0895<\/p>\n

\n Veritone, Inc. (VERI) Securities Class Action:<\/strong>\n <\/p>\n

The litigation is focused on the propriety of Veritone\u2019s repeated assurances that it prepared its financial statements in conformity with applicable accounting rules.<\/p>\n

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.<\/p>\n

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 \u201cit is currently finalizing its accounting determination of certain revenue transactions[.]\u201d This news drove the price of Veritone shares down over 29% the next day.<\/p>\n

Then, on April 1, 2026, the company announced that it would not timely file its annual report \u201cdue to delays in finalizing the Company\u2019s accounting determination of certain barter revenue transactions[.]\u201d 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.<\/p>\n

On April 14, 2026, the company revealed that it \u201cdetermined that the Company\u2019s 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\u201d due to misapplied accounting resulting in significant revenue overstatements and net loss understatements. The divergence from accounting rules included \u201can error in the valuation of consideration received associated with an on-premise software sold and delivered to a customer\u201d and \u201cmisclassification of revenue and costs in transactions in which the Company acted as an agent[.]\u201d This news drove the price of Veritone shares down over 8% the next day.<\/p>\n

\u201cOur investigation is focused on whether Veritone and its management intentionally misled investors about its financial performance using now-admitted improper accounting,\u201d said Reed Kathrein<\/strong><\/a>, the Hagens Berman partner leading the firm\u2019s investigation.<\/p>\n

If you invested in Veritone and have substantial losses, or have knowledge that will assist the firm\u2019s investigation, submit your losses now \u00bb<\/a><\/p>\n

If you\u2019d like more information and answers to other frequently asked questions about the Veritone case and our investigation, read more<\/a> \u00bb<\/a><\/p>\n

\n Whistleblowers: <\/strong>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<\/strong> or email VERI@hbsslaw.com<\/a>.<\/p>\n

\n About Hagens Berman<\/a>
\n
Hagens Berman is a global plaintiffs\u2019 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\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.<\/p>\n

\n Contact: <\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

VERI Investors with Losses Encouraged to Contact the Firm SAN FRANCISCO, June 02, 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\u2019s 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 … <\/p>\n

Continue reading “Veritone, Inc. (VERI) Securities Class Action Filed After Admitting Improper Revenue Accounting \u2013 HBSS”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-969726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVeritone, Inc. 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