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SOUN Shareholders Should Contact Wolf Haldenstein for Information About Participating in the SoundHound AI, Inc. Class Action
SOUNSoundHound AI(SOUN) Prnewswire·2025-04-07 20:28

Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for allegedly making misleading statements about its business operations, impacting investors who acquired securities during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of all investors who purchased SoundHound securities between May 10, 2024, and March 3, 2025 [1]. - The complaint alleges that the defendants made materially false and misleading statements regarding SoundHound's business operations, including unvalidated claims about the company's status and prospects [2]. Group 2: Financial Reporting Issues - 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 internal controls over financial reporting [3]. - The 2024 10-K filing revealed that SoundHound lacked effective controls for accounting for complex transactions, impairing its ability to account for corporate acquisitions [3]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, a law firm with over 125 years of experience, is representing the investors in this case, emphasizing their commitment to justice for those financially harmed by misleading statements [4].