PRNewsWire
14 Jul 2026, 19:27 UTC · 2h ago
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Veritone, Inc. (VERI) is facing a securities fraud class action lawsuit alleging it inaccurately recorded and misclassified revenue and costs. — Allegations of revenue misclassification and accounting fraud typically lead to loss of investor confidence and potential regulatory penalties.
-0.60The lawsuit claims Veritone overstated its revenue, assets, accounts receivable, and royalties between October 2025 and April 2026. — Overstatement of core financial metrics suggests the company's historical growth and health may have been artificially inflated.
-0.50The company is alleged to have maintained deficient internal controls over accounting and financial reporting, necessitating financial statement restatements. — Deficient internal controls and the need for restatements indicate systemic operational risks and unreliable financial reporting.
-0.40Which stocks this story touches
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The company is mentioned as the subject of a separate securities fraud class action lawsuit for shareholders who lost money.
The company is the subject of a securities fraud class action lawsuit alleging overstated revenue and deficient internal controls.
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