Wolf Haldenstein Adler Freeman & Herz LLP Announces that SoundHound AI, Inc. has been sued

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making materially false and misleading statements regarding its business operations during the specified Class Period from May 10, 2024, to March 3, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit represents all individuals and entities that purchased or acquired SoundHound securities during the Class Period [1]. - Investors have until May 27, 2025, to request to be appointed as Lead Plaintiff in the class action [2]. Group 2: Allegations Against SoundHound - The complaint alleges that SoundHound made unvalidated claims about its status, capabilities, and prospects, which adversely affected investors who relied on this information [3]. - On March 4, 2025, SoundHound disclosed it would be unable to timely file its Annual Report for 2024 due to complexities in accounting for acquisitions and identified material weaknesses in its internal controls over financial reporting [4]. - The 2024 10-K filing revealed that SoundHound lacked effective controls for accounting for complex transactions, impairing its ability to account for corporate acquisitions [4]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP is leading the lawsuit, emphasizing their commitment to seeking justice for investors harmed by the alleged misrepresentations [5]. - The firm has extensive experience in securities litigation and encourages affected investors to come forward with information [5].