SoundHound AI(SOUN)

Search documents
SoundHound AI, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights – SOUN
GlobeNewswire News Room· 2025-05-02 17:57
Core Viewpoint - A class action securities lawsuit has been filed against SoundHound AI, Inc. for alleged securities fraud affecting 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 may fail to file certain financial reports with the SEC in a timely manner [2]. - The public statements made by the company are asserted to be materially false and misleading throughout the relevant 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 incurring any out-of-pocket costs or fees [3]. Group 3: Law 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].
Investors in SoundHound AI, Inc. Should Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights - SOUN
Prnewswire· 2025-05-02 09:45
NEW YORK, May 2, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/soundhound-ai ...
SOUN INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In SOUN To Contact Him Directly To Discuss Their Options
Prnewswire· 2025-05-02 00:39
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against SoundHound AI, Inc. due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by May 27, 2025 [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $100,000 in SoundHound AI between May 10, 2024, and March 3, 2025, to discuss their legal options [1]. - The complaint alleges that SoundHound and its executives made false and misleading statements regarding the company's internal controls and financial reporting, particularly related to corporate acquisitions [4]. - SoundHound disclosed on March 4, 2025, that it would be unable to timely file its Annual Report for 2024 due to complexities in accounting for acquisitions, leading to a 5.81% drop in stock price [5]. Group 2: Company Background and Context - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding SoundHound's conduct [7].
The Gross Law Firm Reminds SoundHound AI, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 27, 2025 – SOUN
GlobeNewswire News Room· 2025-05-01 16:52
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 [1][3]. Group 1: Allegations - The complaint alleges that during the class period from May 10, 2024, to March 3, 2025, SoundHound AI made materially false and misleading statements [3]. - Specific allegations include: - Material weaknesses in internal controls over financial reporting that impaired the company's ability to account for corporate acquisitions [3]. - Overstatement of the remediation of these weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [3]. - Increased risk of delays in filing financial reports with the SEC due to these issues [3]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is May 27, 2025 [4]. - Shareholders who register will be enrolled in a portfolio monitoring software for updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Shareholders that lost money on SoundHound AI, Inc.(SOUN) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-05-01 09:45
NEW YORK, May 1, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of SoundHound AI, Inc. (NASDAQ: SOUN).Shareholders who purchased shares of SOUN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=146166&from=4CLASS PERIOD: May 10, 2024 to M ...
Should You Buy SoundHound AI Stock Before May 8? This Recent Move by Nvidia Might Hold the Answer
The Motley Fool· 2025-04-30 08:15
Nvidia (NVDA 0.12%) has added an eye-popping $2.3 trillion to its market capitalization since the beginning of 2023, thanks to soaring demand for its data center chips that are the best in the industry for powering and training artificial intelligence (AI).Nvidia has put some of its incredible wealth to work by investing in a small portfolio of other AI stocks. SoundHound AI (SOUN -2.82%) was one of them, but the chip giant sold its entire stake during 2024's fourth quarter, according to its latest quarterl ...
SoundHound AI, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses; May 27, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-04-29 22:33
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 29, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises SoundHound AI, Inc. ("SoundHound" or the "Company") (NASDAQ: SOUN) investors of a class action representing investors that bought securities between May 10, 2024 and March 3, 2025, inclusive (the "Class Period"). SoundHound AI, Inc. investors have until May 27, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney ...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 27, 2025 in SoundHound AI, Inc. Lawsuit – SOUN
GlobeNewswire News Room· 2025-04-29 17:13
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/soun ...
Levi & Korsinsky Notifies Shareholders of SoundHound AI, Inc.(SOUN) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-04-29 09:45
NEW YORK, April 29, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. ("SoundHound AI, Inc." or the "Company") (NASDAQ: SOUN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/soundhound ...
SoundHound AI, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before May 27, 2025 to Discuss Your Rights – SOUN
GlobeNewswire News Room· 2025-04-28 16:41
NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of SoundHound AI, Inc. (NASDAQ: SOUN). Shareholders who purchased shares of SOUN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/soundhound-ai-inc-loss-submission-form/?id=145085&from=3 CLASS PERIOD: May 10 ...