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 ...

NEW YORK, April 21, 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=143831&from=4CLASS PERIOD: May 10, 2024 t ...

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, ...

The steady telecommunications giant and rapidly growing software company fared similarly over the past year.Technology routinely affects nearly every part of the economy. In other words, companies that aren't traditional technology stocks can benefit from artificial intelligence (AI).U.S. telecommunications giant AT&T (T 0.37%) is a great example. As devices and machines become more intelligent and capable, they could depend more on network communications. Meanwhile, a young, up-and-coming business like Sou ...

NEW YORK, April 18, 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 ...

The artificial intelligence (AI) revolution has just begun. The generative AI category alone could be worth $1.3 trillion by 2032, growing by more than 40% per year over the next decade. As a pure-play AI business, SoundHound AI (SOUN 0.90%) has attracted the attention of many investors. Nvidia even briefly invested several million dollars into the company.This attention has caused shares to more than double in value over the last 12 months. Could a share split be around the corner? The answer might surpris ...