According to the Complaint, Verb Technology Company, Inc. purportedly operates as an applications services provider with cloud-based software products for businesses. As part of its business, Verb utilizes interactive videos as part of its customer relationship management application. Verb has formerly operated under the names of nFusz, Inc., bBooth, Inc., bBooth (USA), Inc., and Cutaia Media Group, LLC.

The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements, and as a result, the market price of Verb securities was artificially inflated during the Class Period.

On October 7, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on December 3.

On September 17, 2020, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on October 27. On February 18, 2021, the Court granted final approval of the Settlement and entered Final Judgment. On July 19, the Court issued an Order granting the Motion for Distribution of the Class Settlement Funds.