VERI Investor Alert: HBSS Probes Claims Alleged Against Veritone, Inc. (VERI) in Pending Securities Class Action Regarding Alleged Accounting Irregularities

National shareholder rights firm Hagens Berman (HBSS) is actively investigating claims alleged against Veritone, Inc. (NASDAQ: VERI) and certain of its executives in a pending securities class action filed after the company admitted its previously issued financial statements were materially misstated.

The firm’s investigation focuses on the suit’s claims that Veritone and its management violated the securities laws by intentionally misleading investors regarding the company’s financial performance through improper accounting practices during the period from October 14, 2025, to April 14, 2026.

The securities class action follows a series of disclosures in early 2026 that resulted in significant declines in Veritone’s share price.

The core allegations, which emerged in a recently filed complaint against the company, claim that Veritone failed to disclose that it: Inaccurately recorded and/or misclassified certain revenue and costs. Overstated its revenue, assets, accounts receivable, royalties, and other comprehensive income. Maintained deficient internal controls over accounting and financial reporting. Provided investors with positive statements regarding its business, operations, and prospects that lacked a reasonable basis.

March 26, 2026: Veritone announced that it was “finalizing its accounting determination of certain revenue transactions,” causing shares to fall over 29% the following day.

April 1, 2026: The company delayed its annual report filing d...