Pomerantz LLP

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Verb Technology Company, Inc.

We are investigating Verb Technology Company, Inc. (VERB) (“Verb” or the “Company”) for potential violations of the federal securities laws. 

On January 3, 2018, Verb announced its entry into an agreement with Oracle America, Inc. (“Oracle” and the “Oracle Agreement”), but did not disclose the terms of the Oracle Agreement.  Over the following months, Verb repeatedly touted the purported benefits of the Oracle Agreement.  Then, on April 23, 2018, Verb disclosed the terms of the Oracle Agreement.  Contrary to Verb’s prior representations, the Oral Agreement included no joint agreement for Oracle to use its salesforce to market Verb’s product and provided for no joint development of Verb’s product.  Rather, the Oracle Agreement simply provided Verb with an application developer toolkit for its program to interface with Oracle NetSuite.  On this news, Verb’s stock price fell $20.25 per share, or roughly 51%, over the following week, closing at $19.20 per share on April 27, 2018.