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Lifshitz Law PLLC Announces Investigations of Veritone, Inc. (NASDAQ: VERI), CommVault Systems, Inc. (NASDAQ: CVLT), Sportradar Group AG (NASDAQ: SRAD), and Phreesia, Inc. (NYSE: PHR)

accessnewswire.com
VERI The company is under investigation for allegedly making materially false and misleading statements regarding revenue and cost classifications, leading to overstated financial figures and deficient internal controls. Investors may have suffered damages. CVLT The company is being investigated for allegedly providing misleading guidance and projections on ARR growth, while concealing adverse facts about the growth environment. Statements about business prospects are claimed to be false and misleading. SRAD Investigation into allegations that the company worked with black-market gambling operators to boost revenue, despite claims of strict compliance. KYC and compliance processes are also questioned, suggesting misleading statements. PHR The company faces investigation for allegedly making false and misleading statements about its business, operations, and prospects, failing to disclose slowing demand, diminished revenue visibility, and weakened pharmaceutical marketing commitments.

NEW YORK CITY, NY / ACCESS Newswire / August 19, 2026 / Lifshitz Law Firm

Veritone, Inc. (NASDAQ:VERI)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Veritone inaccurately recorded and/or misclassified certain revenue and costs; (ii) as a result, Veritone overstated its revenue, assets, accounts receivable, royalties, and other comprehensive income; (iii) Veritone maintained deficient internal controls over accounting and financial reporting; (iv) as a result of the foregoing, Veritone would be forced to restate certain of its financial statements; and (v) as a result, the Company's positive statements about Veritone's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you are a VERI investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

CommVault Systems, Inc. (NASDAQ:CVLT)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) the Company provided investors with misleading guidance and projections regarding CommVault's anticipated annual recurring revenue ("ARR") growth for fiscal year 2026, including projections related to new net ARR growth; (ii) the Company simultaneously disseminated overly positive statements while concealing material adverse facts concerning the true state of CommVault's ARR growth environment; (iii) the Company knew or recklessly disregarded that CommVault's ARR growth guidance failed to properly account for critical variables, including the type of sales driving ARR performance; and (iv) as a result of the foregoing, the Company's statements about CommVault's business, operations, and prospects lacked a reasonable basis and were materially false and misleading at all relevant times.

If you are a CVLT investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

Sportradar Group AG (NASDAQ:SRAD)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) the Company intentionally worked with black-market gambling operators to increase its revenues, despite its assurances of strict legal and regulatory compliance and claims that ethics and integrity were crucial for Sportradar's operations; (ii) the Company's Know-Your-Customer ("KYC") and compliance processes were not as robust as Sportradar had claimed; and (iii) as a result of the foregoing, the Company's statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you are an SRAD investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

Phreesia, Inc. (NYSE:PHR)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose that: (i) Phreesia was experiencing slowing demand and diminished visibility into key revenue streams; (ii) the Company's Network Solutions segment was facing weakened pharmaceutical marketing commitments; and (iii) as a result of the foregoing, the Company's positive statements about Phreesia's business, operations, and prospects lacked a reasonable basis and were materially false and misleading at all relevant times.

If you are a PHR investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

ATTORNEY ADVERTISING.© 2026 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.

Lifshitz Law PLLC

Phone: 516-493-9780

Facsimile: 516-280-7376

Email: [email protected]

SOURCE: Lifshitz Law Firm