{"id":982326,"date":"2026-07-16T09:36:08","date_gmt":"2026-07-16T13:36:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-deadline-approaching-berger-montague-advises-veritone-inc-nasdaq-veri-investors-to-inquire-about-a-securities-fraud-class-action-by-july-20-2026\/"},"modified":"2026-07-16T09:36:08","modified_gmt":"2026-07-16T13:36:08","slug":"class-action-deadline-approaching-berger-montague-advises-veritone-inc-nasdaq-veri-investors-to-inquire-about-a-securities-fraud-class-action-by-july-20-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/class-action-deadline-approaching-berger-montague-advises-veritone-inc-nasdaq-veri-investors-to-inquire-about-a-securities-fraud-class-action-by-july-20-2026\/","title":{"rendered":"CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Veritone, Inc. (NASDAQ: VERI) Investors to Inquire About a Securities Fraud Class Action by July 20, 2026"},"content":{"rendered":"
\n

PHILADELPHIA, July 16, 2026 (GLOBE NEWSWIRE) — National plaintiffs\u2019 law firm Berger Montague PC<\/u><\/a> announces a class action lawsuit against Veritone, Inc. (NASDAQ: VERI)<\/strong> (\u201cVeritone\u201d or the \u201cCompany\u201d) on behalf of investors who purchased or acquired Veritone common stock during the period from October 14, 2025 through April 14, 2026 <\/strong>(the \u201cClass Period\u201d).<\/p>\n

\n
\n Investor Deadline: <\/em>
\n <\/strong>
\n Investors who purchased or acquired <\/em>
\n
\n Veritone<\/em>
\n <\/strong>
\n common stock during the Class Period may, no later than <\/em>
\n
\n July 20, 2026<\/em>
\n <\/strong>
\n , seek to be appointed as a lead plaintiff representative of the class. To learn your rights, <\/em>
\n
\n
\n
\n CLICK HERE<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n .<\/em>\n <\/p>\n

Veritone, headquartered in Irvine, Calif., is a public enterprise AI company that develops custom artificial intelligence solutions, applications, and its proprietary AI operating system, aiWARE\u2122<\/sup>, to help commercial and public sector clients automate and scale.<\/p>\n

The complaint alleges that throughout the Class Period, Veritone and its senior executives failed to disclose that the Company had inaccurately recorded and misclassified certain revenue and costs \u2014 including through misclassification of agent transactions and errors in the valuation of consideration received under ASC 606 \u2014 resulting in a significant overstatement of revenue and understatement of net loss. Defendants further concealed that Veritone maintained deficient internal controls over financial reporting, and that these failures would ultimately compel the Company to restate previously issued financial statements.<\/p>\n

On March 26, 2026, Veritone issued a press release partially disclosing fourth quarter 2025 financial results, including that the Company was \u201cfinalizing its accounting determination of certain revenue transactions under ASC 606.\u201d On this news, Veritone\u2019s stock price fell $0.77, or 29%, to close at $1.84 per share on March 27, 2026.<\/p>\n

Then, on April 1, 2026, the Company filed a Form NT 10-K with the SEC, disclosing that it could not timely file its Annual Report on Form 10-K, as Veritone was finalizing its \u201caccounting determination of certain barter revenue transactions under ASC 606.\u201d The Company stated it was evaluating \u201cwhether the previously issued financial statements for the quarters ended June 30, 2025 and September 30, 2025 may need to be revised or restated.\u201d On this news, Veritone\u2019s stock price fell $0.18, or 9%, to close at $1.79 per share on April 1, 2026.<\/p>\n

Finally, on April 14, 2026, Veritone filed a Form 8-K with the SEC disclosing that the Company had determined that previously issued financial statements should no longer be relied upon due to errors which resulted in, among other things, a significant overstatement of revenue and understatement of net loss. The filing disclosed a number of errors, including \u201can error in the valuation of consideration received associated with an on-premise software sold and delivered to a customer,\u201d as well as the \u201cmisclassification of revenue and costs in transactions in which the Company acted as an agent under ASC 606, Revenue from Contracts with Customers.\u201d On this news, Veritone\u2019s stock price fell $0.19, or 8%, to close at $2.09 per share on April 15, 2026.<\/p>\n

\n
\n If you are a Veritone investor and would like to learn more about this action, <\/em>
\n <\/strong>
\n
\n
\n
\n CLICK HERE<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n
\n or please contact Berger Montague: Andrew Abramowitz at <\/em>
\n <\/strong>
\n
\n
\n
\n aabramowitz@bergermontague.com<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n
\n or (215) 875-3015, or Caitlin Adorni at <\/em>
\n <\/strong>
\n
\n
\n
\n cadorni@bergermontague.com<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>
\n
\n or (267) 764-4865.<\/em>
\n <\/strong>\n <\/p>\n

\n About Berger Montague<\/strong>
\n
Berger Montague is one of the nation\u2019s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.<\/p>\n

For more information or to discuss your rights, please contact:<\/p>\n

\n Andrew Abramowitz<\/strong>
\n
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com<\/p>\n

\n Caitlin Adorni<\/strong>
\n
Berger Montague
(267)764-4865
cadorni@bergermontague.com<\/p>\n

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

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

PHILADELPHIA, July 16, 2026 (GLOBE NEWSWIRE) — National plaintiffs\u2019 law firm Berger Montague PC announces a class action lawsuit against Veritone, Inc. (NASDAQ: VERI) (\u201cVeritone\u201d or the \u201cCompany\u201d) on behalf of investors who purchased or acquired Veritone common stock during the period from October 14, 2025 through April 14, 2026 (the \u201cClass Period\u201d). Investor Deadline: Investors who purchased or acquired Veritone common stock during the Class Period may, no later than July 20, 2026 , seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE . Veritone, headquartered in Irvine, Calif., is a public enterprise AI company that develops custom artificial intelligence solutions, applications, and its proprietary AI operating system, aiWARE\u2122, to … <\/p>\n

Continue reading “CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Veritone, Inc. (NASDAQ: VERI) Investors to Inquire About a Securities Fraud Class Action by July 20, 2026”<\/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-982326","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Veritone, Inc. 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Veritone, headquartered in Irvine, Calif., is a public enterprise AI company that develops custom artificial intelligence solutions, applications, and its proprietary AI operating system, aiWARE\u2122, to … Continue reading "CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Veritone, Inc. 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