Recent Security Class Actions

SoundHound AI Inc Class A Common Stock (NASDAQ: SOUN)

54 Days left to seek lead plaintiff status.

Company Name:SoundHound AI Inc Class A Common Stock
Stock Symbol:NASDAQ: SOUN
Class Period Start:05/10/2024
Class Period End (inclusive):03/03/2025
Filing Deadline:05/27/2025

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the material weaknesses in SoundHound's internal controls over financial reporting impaired the Company's ability to effectively account for corporate acquisitions; (ii) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (iii) as a result of the foregoing material weaknesses, SoundHound's reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (iv) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (v) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the United States Securities and Exchange Commission; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

SoundHound AI Inc Class A Common Stock (NASDAQ: SOUN) Claim Form

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