Levi & Korsinsky sets July 20, 2026 deadline in Veritone investor lawsuit

Veritone, Inc. investors who bought shares during the alleged class period from October 14, 2025 through April 14, 2026 have until July 20, 2026 to seek lead plaintiff status in a securities class action, with Berger Montague PC joining Levi & Korsinsky in publicizing the case. The complaint alleges Veritone overstated revenue by inaccurately recording and misclassifying certain revenue and costs under ASC 606 while concealing deficient internal controls over financial reporting, before later disclosing that previously issued 2025 financial statements should no longer be relied upon. Berger Montague says the company partially revealed the issues on March 26, 2026, when it said it was still finalizing its accounting determination for certain revenue transactions under ASC 606, helping send the stock down $0.77, or 29%, to $1.84 on March 27. It says Veritone then disclosed in an April 1 Form NT 10-K that delays tied to barter revenue accounting could reduce revenue for the quarter ended September 30, 2025 by $1.5 million to $2.5 million and might require revision or restatement of the quarters ended June 30, 2025 and September 30, 2025, after which the shares fell $0.18, or 9%, to $1.79. On April 14, Veritone filed a Form 8-K stating that unaudited financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon because of errors that significantly overstated revenue and understated net loss; Berger Montague says the stock then fell $0.19, or 8%, to close at $2.09 on April 15. The existing case materials from Levi & Korsinsky also describe earlier allegations that Veritone’s reported Q3 2025 revenue and profitability messaging were misleading and tie the suit to a restatement centered on revenue recognition.