Workflow
SOUN, SOUNW DEADLINE TUESDAY: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages SoundHound AI, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important May 27 Deadline in Securities Class Action – SOUN, SOUNW
SOUNSoundHound AI(SOUN) GlobeNewswire News Room·2025-05-25 16:20

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 - The Class Period for the SoundHound securities is from May 10, 2024, to March 3, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by May 27, 2025, to serve as lead plaintiff [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors [3]. Group 3: 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 [4]. - Specific claims include the overstatement of remediated weaknesses in internal controls and inflated reported goodwill following the Amelia Acquisition [4]. - The lawsuit asserts that these issues increased the risk of delayed financial report filings with the SEC, leading to investor damages when the true details emerged [4].