SoundHound AI Investors Urged to Act: Lead Plaintiff Deadline Approaching
Investors who purchased securities of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) between May 10, 2024 and March 3, 2025 are reminded of the upcoming deadline to apply for lead plaintiff status in the ongoing class action lawsuit. The deadline is May 27, 2025.
The Rosen Law Firm, a global investor rights law firm, is leading the litigation. Investors who purchased SoundHound AI securities during the specified Class Period may be entitled to compensation without any out-of-pocket expenses through a contingency fee arrangement.
Key Allegations Against SoundHound AI
The lawsuit alleges that SoundHound AI made false and misleading statements regarding its internal controls over financial reporting. Specifically, it claims that the company:
- Failed to disclose material weaknesses in internal controls that affected its ability to account for corporate acquisitions properly
- Overstated its progress in remediating these weaknesses
- Reported inflated goodwill figures following certain acquisitions
- Faced increased risks and potential additional expenses in accounting for acquisitions
- Failed to timely file financial reports with the SEC due to these weaknesses
As a result, SoundHound AI’s public statements were allegedly materially false and misleading, causing damages to investors when the truth emerged.
How to Participate in the Class Action
To join the SoundHound class action, investors can:
- Visit https://rosenlegal.com/submit-form/?case_id=36267
- Call Phillip Kim, Esq. at 866-767-3653
- Email pkim@rosenlegal.com
About The Rosen Law Firm
The Rosen Law Firm has a strong track record in securities class actions and shareholder derivative litigation. Notable achievements include:
- Securing over $438 million for investors in 2019 alone
- Achieving the largest securities class action settlement against a Chinese company at the time
- Ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements
- Founding partner Laurence Rosen named a Titan of Plaintiffs’ Bar by Law360 in 2020
Important Notes for Investors
- No class has been certified yet. Investors are not represented by counsel unless they retain one.
- Serving as lead plaintiff is not required to share in any potential recovery.
- Investors can remain absent class members and take no action at this time.
- Investors can choose their own counsel if desired.
For updates, follow The Rosen Law Firm on LinkedIn, Twitter, or Facebook.
Contact Information: The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 Email Website
Attorney Advertising Notice Prior results do not guarantee similar outcomes in future cases.
