Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of SoundHound AI, Inc. (SOUN) Shareholders

Core Viewpoint - A class action securities lawsuit has been filed against SoundHound AI, Inc. for alleged securities fraud affecting investors between May 10, 2024, and March 3, 2025 [1][2]. Group 1: Allegations and Issues - The lawsuit claims that SoundHound AI, Inc. made false statements regarding material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2]. - It is alleged that the company overstated its remediation efforts concerning these material weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2]. - The lawsuit indicates that SoundHound AI, Inc. may require additional time and resources to properly account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing significant recoveries for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].