Shareholders that lost money on SoundHound AI, Inc.(SOUN) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of SoundHound AI, Inc. regarding a class action lawsuit due to alleged misleading statements and material weaknesses in financial reporting during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that SoundHound's internal controls over financial reporting had material weaknesses that impaired its ability to account for corporate acquisitions [2] - It is claimed that the company overstated its remediation efforts regarding these internal control weaknesses [2] - The reported goodwill following the Amelia Acquisition is alleged to be inflated and in need of correction [2] - SoundHound is expected to require additional time and resources to account for the SYNQ3 and Amelia Acquisitions [2] - There is an increased risk that the company may not file certain financial reports with the SEC in a timely manner due to these issues [2] - The public statements made by SoundHound during the relevant times are described as materially false and misleading [2] Group 2: Class Action Details - The class period for the lawsuit is defined as May 10, 2024, to March 3, 2025 [2] - Shareholders are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [3] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]