Workflow
Kuehn Law Encourages Investors of SoundHound AI, Inc. to Contact Law Firm
SoundHound AISoundHound AI(US:SOUN) Prnewswireยท2025-05-15 00:48

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of SoundHound AI, Inc. related to misrepresentation of financial reporting and internal controls [1] Group 1: Allegations of Misrepresentation - Insiders at SoundHound allegedly caused the company to misrepresent or fail to disclose material weaknesses in internal controls over financial reporting [2] - The company overstated its remediation efforts regarding these material weaknesses, impacting its ability to account for corporate acquisitions [2] - SoundHound's reported goodwill following the Amelia Acquisition was inflated and would require correction due to these weaknesses [2] Group 2: Impact on Financial Reporting - SoundHound is likely to require additional time and resources to effectively account for the SYNQ3 and Amelia Acquisitions [2] - The identified weaknesses increased the risk of the company being unable to timely file certain financial reports with the SEC [2] - As a result, the company's public statements were materially false and misleading at all relevant times [2]