#USA #New York #Class Action #Gross Law Firm #SoundHound AI

SoundHound AI Investors: Join the Class Action

In an important notice for shareholders of SoundHound AI, Inc. (NASDAQ: SOUN), The Gross Law Firm has initiated steps for a class action lawsuit aimed at those who invested during a specified period. If you’ve faced losses as a result of alleged misleading practices by the company, this could be a significant opportunity for you.

Who Should Join?

This class action is particularly relevant for anyone who purchased shares of SoundHound AI between May 10, 2024, and March 3, 2025. The allegations against the company are serious and involve claims of materially false and misleading statements regarding their financial reporting.

Allegations Against SoundHound

The complaint outlines several key issues:
1. Internal Control Weaknesses: The lawsuit claims that the company had significant weaknesses in its internal controls over financial reporting, which distorted its ability to effectively account for acquisitions.
2. Exaggerated Remediation Efforts: SoundHound allegedly overstated its success in fixing these weaknesses, misleading investors about the state of its financial health.
3. Inflated Goodwill: The complaint states that the reported goodwill attributed to the company's Amelia Acquisition was inflated and would need substantial adjustments.
4. Financial Reporting Delays: Due to these issues, there was a risk that SoundHound would struggle to file certain financial reports with the SEC on time.
5. Consequences of False Statements: Ultimately, the representations made to the public about the company’s stability and prospects were found to be misleading, leading to inflated stock prices that failed to reflect reality.

How to Participate

If you believe you qualify, it is crucial to act promptly. The deadline to register for participation in this class action is May 27, 2025. By registering, you can be included in the recovery process should the class action result in a favorable outcome. Additionally, registration ensures you stay informed about the case's progress through portfolio monitoring software.

To register, shareholders should visit the following link: Join the Class Action Here.

The Role of The Gross Law Firm

The Gross Law Firm is recognized nationally for its commitment to safeguarding investor rights and holding corporations accountable for wrongdoing. They aim to recover losses incurred from fraudulent actions that misled investors, ensuring companies adhere to ethical business practices.

For those facing potential losses due to the alleged actions of SoundHound AI, participation in this class action may represent a significant step toward recovery. Potential investors can reach out to The Gross Law Firm for assistance and more information:

• - Phone: (646) 453-8903
• - Email: info@grosslawfirm.com
• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018

The Gross Law Firm emphasizes that while being appointed as a lead plaintiff is not a prerequisite for participation, those who qualify for this role may receive special consideration in the lawsuit.

Conclusion

As the deadline approaches, affected shareholders are encouraged to assess their eligibility and take necessary steps to join this class action. It’s vital not to delay as potential compensation may hinge on timely registration and swift action against misleading corporate practices.