Class Action Lawsuit Filed Against Veritone (NASDAQ: VERI) Over Alleged Securities Fraud
A class action lawsuit has been filed against Veritone Inc. (NASDAQ: VERI), alleging securities fraud and other unlawful business practices involving certain officers or directors. The company delayed its annual report filing due to accounting issues related to revenue recognition under ASC 606, which led to a significant drop in stock price.
Tickers: $VERI
Topics: class action financial reporting delay securities fraud