NEW YORK--(BUSINESS WIRE)--May 26, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Veritone, Inc. (“Veritone” or the “Company”) (NASDAQ: VERI) and reminds investors of the July 20, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company inaccurately recorded and/or misclassified certain revenue and costs; (2) that, as a result, the Company overstated its revenue, assets, accounts receivable, royalties and other comprehensive income; (3) that Veritone maintained deficient internal controls over accounting and financial reporting; (4) that, as a result of the foregoing, the Company would be forced to restate certain of its financial statements, and (5) that, as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On March 26, 2026, after the market closed, Veritone released its preliminary fourth quarter 2025 financial results, expecting revenue between $18.1 and $30 million. The Company explained that the range in expected revenue was because it was “currently finalizing its accounting determination for certain revenue transactions under ASC 606.”
On this news, Veritone’s stock price fell $0.77, or 29.5%, to close at $1.84 per share on March 27, 2026, thereby injuring investors.
Then, on April 14, 2026, after the market closed, Veritone disclosed that it had “determined that the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon” due to errors resulting in significant overstatement of revenue and understatement of net loss.
On this news, Veritone’s stock price fell $0.19, or 8.3%, to close at $2.09 per share on April 15, 2026, thereby injuring investors further.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Veritone’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Veritone class action, go to www.faruqilaw.com/VERI or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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VERI DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Veritone (VERI) Investors of Securities Class Action Deadline on July 20, 2026
BEIRUT (AP) — Israel's military clashed with the Iran-backed militant Hezbollah group Tuesday along a strategic river in southern Lebanon as Israeli troops pushed farther north, days ahead of talks in Washington between Lebanese and Israeli delegations.
A U.S.-brokered ceasefire in the Israel-Hezbollah conflict appeared more nominal by the day, complicating efforts at a broader peace in the Iran war as Tehran wants an agreement to include an end to the fighting in Lebanon.
The Litani River has been a de facto boundary in Lebanon, with large areas to the south under Israeli military control despite the ceasefire that's been in place for over a month.
Israeli Prime Minister Benjamin Netanyahu said after meeting with his defense minister and senior military officials that Israel will expand its operations in Lebanon.
“The (Israeli Defense Forces) are operating with large forces on the ground and seizing strategic areas,” he said, adding that Israel is trying to fortify an area of southern Lebanon under its control, which it says is necessary to protect residents in its northern border towns from Hezbollah rocket and drone attacks.
Meanwhile, an Israeli security official said the military had called up an additional battalion to Lebanon, speaking on condition of anonymity in line with regulations.
Israel's military said it struck more than 100 Hezbollah sites across southern Lebanon and the eastern Bekaa Valley area overnight, adding that it targeted storage facilities, command centers and observation points used to attack Israeli troops and residents in northern Israel.
One strike hit the eastern village of Mashghara, killing 12 people, including several members of a family, Lebanon’s state-run National News Agency said.
Israel in recent days has intensified strikes in the city and province of Nabatiyeh, just north of the river. On Tuesday it warned city residents to leave.
Hezbollah, meanwhile, said it launched several rocket, artillery and exploding drone attacks on Israeli troops and vehicles mobilizing along the river toward the Nabatiyeh villages of Yohmor al-Shaqif and Zawtar al-Sharqieh. Hezbollah's Al-Manar TV said the militant group repelled attacks along the river banks.
Elsewhere in eastern Lebanon, Israel struck an area near the Qaraoun Dam, the country's largest along the Litani River. The Litani River Authority said there was no direct damage to the dam.
Beirut, the Lebanese capital, has been spared from strikes since the start of the ceasefire, but Israel's latest moves have caused fear.
“By just saying a few words on TV, (Netanyahu) causes everyone to panic and flee their homes,” said Tony Aboud in Beirut’s bustling Hamra district. “I don’t know what’s going to happen and how long we can live like this.”
The Lebanese government, which came to power on a platform of reform and disarming Hezbollah and other armed groups, hopes that the direct talks with Israel — which Hezbollah opposes — will lead to a permanent ceasefire and withdrawal of Israeli troops.
Israel says it will not withdraw until Hezbollah no longer poses a threat to residents of its northern towns. Hezbollah has vowed to fight until Israel stops its daily airstrikes and withdraws its troops from Lebanon.
In recent weeks, Hezbollah has boasted that it is using new fiber-optic drones that Israeli troops have struggled to intercept, hitting both Israeli forces and northern Israeli villages.
Israel has told people there not to gather in large numbers.
“What this requires of us now is to increase the blows, to increase the intensity. We will smite them hip and thigh,” Netanyahu said Monday.
Over 1 million people in Lebanon have been displaced in the war, sparked when Hezbollah fired rockets into northern Israel on March 2 in solidarity with Iran, two days after the Iran war began.
At least 3,213 people have been killed in Israeli strikes since the start of the war, according to the Lebanese Health Ministry, with over 9,700 wounded.
According to Netanyahu’s office, 23 Israeli soldiers and a defense contractor have been killed in or near southern Lebanon, and two civilians have been killed in northern Israel, the vast majority by drones.
Associated Press writers Sam Mednick and Melanie Lidman in Tel Aviv, Israel; Koral Saaed in Herzliya, Israel, and senior video producer Malak Harb in Beirut contributed to this report.
A man points into a destroyed building that was hit in an Israeli airstrike in Burj al-Shemali village near the southern port city of Tyre, Lebanon, Tuesday, May 26, 2026. (AP Photo/Mohammed Zaatari)
Ali Salman, 12, who was injured in an Israeli airstrike, lies on a bed at Jabal Amel hospital in the southern port city of Tyre, Lebanon, Tuesday, May 26, 2026. (AP Photo/Mohammed Zaatari)
A man looks at a destroyed building that was hit in an Israeli airstrike in Burj al-Shemali village near the southern port city of Tyre, Lebanon, Tuesday, May 26, 2026. (AP Photo/Mohammed Zaatari)
A man walks between destroyed buildings that were hit in Israeli airstrikes in Burj al-Shemali village near the southern port city of Tyre, Lebanon, Tuesday, May 26, 2026. (AP Photo/Mohammed Zaatari)
Displaced people who fled Israeli strikes in southern Lebanon sit outside shelter tents in Beirut, April 24, 2026. (AP Photo/Bilal Hussein)
