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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages SoundHound AI, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SOUN, SOUNW
SoundHound AISoundHound AI(US:SOUN) GlobeNewswire News Room·2025-04-18 00:54

Core Viewpoint - Rosen Law Firm is reminding investors who purchased SoundHound AI, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased SoundHound securities between May 10, 2024, and March 3, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 27, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that SoundHound made false and misleading statements regarding its internal controls over financial reporting, which affected its ability to account for 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 also states that these issues increased the risk of delayed financial report filings with the SEC, leading to investor damages when the true information became public [5].