Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for violations of federal securities laws, specifically related to misleading statements and weaknesses in financial reporting controls [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that SoundHound made false and misleading statements to the market, particularly regarding its internal controls over financial reporting [2]. - The company is accused of overstating its remediation of internal control weaknesses and inflating reported goodwill following its acquisition of Amelia [2]. - Delays in accounting for acquisitions, including those of Amelia and SYNQ3, led to the company's failure to file certain financial reports with the SEC on time [2]. Group 2: Shareholder Information - Shareholders who purchased securities between May 10, 2024, and March 3, 2025, are encouraged to contact the law firm to participate in the class action [1][3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents large hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4].
SOUN Shareholders Have the Right to Lead the SoundHound AI, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - SOUN