SOUN INVESTOR NOTICE: SoundHound AI, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The SoundHound AI, Inc. class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, with a focus on internal control weaknesses and financial reporting issues [1][3][4]. Group 1: Class Action Details - Purchasers of SoundHound securities between May 10, 2024, and March 3, 2025, can seek appointment as lead plaintiff until May 27, 2025 [1]. - The lawsuit is titled Liles v. SoundHound AI, Inc., No. 25-cv-02915 (N.D. Cal.) [1]. - The allegations include false statements regarding internal controls and the accounting for acquisitions, specifically concerning Amelia Holdings, Inc. and SYNQ3 [3][4]. Group 2: Allegations Against SoundHound - The lawsuit claims that SoundHound had material weaknesses in its internal controls over financial reporting, affecting its ability to account for corporate acquisitions [3]. - SoundHound allegedly overstated its remediation efforts regarding these internal control weaknesses [3]. - Following the disclosure of its inability to timely file its annual report for 2024, SoundHound's stock price fell nearly 6% [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 a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6].