GlobeNewsWire
14 Jul 2026, 13:49 UTC · 2h ago
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Veritone, Inc. was forced to issue a full restatement of its Q3 2025 financial statements after revealing revenue transactions were not finalized. — Financial restatements due to accounting errors usually signal poor internal controls and severely damage investor trust in reported growth.
-0.80A securities class action lawsuit has been filed against Veritone, its CEO Ryan Steelberg, and CFO Michael L. Zemetra for alleged revenue overstatements. — Legal action targeting C-suite executives for securities fraud increases the risk of heavy fines, leadership instability, and further reputational damage.
-0.60Veritone's stock experienced a single-session decline of 29.5% ($0.77 per share) following disclosures regarding its accounting issues. — While this is a past event, the magnitude of the drop confirms the market's high sensitivity to the company's accounting integrity.
-0.40Which stocks this story touches
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The company is facing a securities class action lawsuit following revenue overstatements and a full financial restatement.
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