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Core Viewpoint - A class action securities lawsuit has been filed against SoundHound AI, Inc. alleging securities fraud that affected investors between May 10, 2024, and March 3, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that SoundHound AI, Inc. made false statements regarding its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2]. - It is alleged that the company overstated its remediation efforts concerning material weaknesses in its internal controls [2]. - The reported goodwill following the Amelia Acquisition is claimed to be inflated and in need of correction due to these material weaknesses [2]. - The lawsuit indicates that SoundHound AI, Inc. may require additional time and resources to account for the SYNQ3 and Amelia Acquisitions [2]. - There is an increased risk that the company would be unable to file certain financial reports with the SEC in a timely manner [2]. - The public statements made by the company were materially false and misleading during the relevant time period [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - A class action securities lawsuit has been filed against SoundHound AI, Inc. due to alleged securities fraud affecting investors between May 10, 2024, and March 3, 2025 [1][2]. Group 1: Allegations and Issues - The lawsuit claims that SoundHound AI, Inc. had material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2]. - It is alleged that the company overstated its remediation efforts regarding these material weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2]. - The lawsuit indicates that SoundHound AI, Inc. may require additional time and resources to properly account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against SoundHound AI, Inc. (“SoundHound”” or the “Company”) (NASDAQ: SOUN) and certain officers.  The class action, filed in the United States District Court for the Northern District of California, and docketed under 25-cv-02915, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired SoundHound securities between May 10, 2024 and ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting controls [1][2]. Group 1: Allegations - The complaint alleges that during the class period from May 10, 2024, to March 3, 2025, SoundHound issued materially false and misleading statements [2]. - Specific allegations include that SoundHound's internal controls over financial reporting were materially weak, impairing its ability to account for corporate acquisitions [2]. - The company is accused of overstating its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2]. - It is claimed that SoundHound would require additional time and resources to account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2]. - As a result, the company's public statements were deemed materially false and misleading throughout the relevant period [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of SOUN during the specified class period are encouraged to register for the class action by May 27, 2025 [3]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [3]. - There is no cost or obligation for shareholders to participate in this case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].

DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound's internal controls over financial reporting impaired SoundHound's ability to effectively account for corporate acquisitions; (2) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial ...

Company Performance - SoundHound AI, Inc. closed at $7.83, reflecting a +0.84% change from the previous day, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, the company's shares have decreased by 21.22%, underperforming the Computer and Technology sector's loss of 9.27% and the S&P 500's loss of 6.3% [1] Upcoming Earnings - The company is expected to report an EPS of -$0.07, indicating stability compared to the same quarter last year [2] - Revenue is projected to be $30.21 million, representing a significant increase of 160.62% from the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$0.16 and revenue of $165.76 million, reflecting increases of +84.62% and +95.72% respectively from the previous year [3] Analyst Sentiment - Recent revisions in analyst estimates are crucial as they often indicate near-term business trends, with positive revisions suggesting optimism about the company's profitability [3][4] - The Zacks Rank system, which evaluates these estimate changes, currently assigns SoundHound AI, Inc. a rank of 3 (Hold) [5] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Points - Rosen Law Firm is reminding purchasers of SoundHound AI, Inc. securities of the lead plaintiff deadline for a class action lawsuit [1] - Investors who purchased SoundHound securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees [2] - A class action lawsuit has already been filed, and interested parties must act by May 27, 2025, to serve as lead plaintiff [3] Company Details - The lawsuit alleges that SoundHound made false and misleading statements regarding its internal controls over financial reporting, particularly related to corporate acquisitions [5] - Specific claims include that SoundHound overstated its remediation efforts for material weaknesses in its internal controls and inflated reported goodwill following the Amelia Acquisition [5] - The lawsuit suggests that these issues increased the risk of delayed financial report filings with the SEC and that SoundHound's public statements were materially false and misleading [5] Legal Representation - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions [4] - Rosen Law Firm has a history of significant settlements and has been recognized for its success in this area [4]

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on internal control weaknesses and financial reporting issues [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Liles v. SoundHound AI, Inc., and it covers purchasers of SoundHound securities from May 10, 2024, to March 3, 2025 [1]. - Investors have until May 27, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that SoundHound made false or misleading statements regarding its internal controls and financial reporting, particularly related to its acquisitions [3][4]. Group 2: Allegations Against SoundHound - The lawsuit claims that SoundHound had material weaknesses in its internal controls over financial reporting, which affected its ability to account for corporate acquisitions [3]. - It is alleged that SoundHound overstated its remediation efforts regarding these internal control weaknesses [3]. - Following the acquisition of Amelia Holdings, Inc., SoundHound's reported goodwill was inflated and required correction [3]. - The company disclosed on March 4, 2025, that it would be unable to timely file its annual report for 2024 due to complexities in accounting for its acquisitions, leading to a nearly 6% drop in stock price [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased SoundHound securities during the class period to seek lead plaintiff status [5]. - Robbins Geller Rudman & Dowd LLP is the law firm representing investors in this case, known for securing significant monetary relief for investors in securities fraud cases [6].

RADNOR, Pa., April 18, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against SoundHound AI, Inc. ("SoundHound") (NASDAQ: SOUN) on behalf of those who purchased or otherwise acquired SoundHound securities between May 10, 2024, and March 3, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is May 27, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered SoundHound losses, ...