#None #Class Action #Inc. #Securities Fraud #SoundHound AI

A Call to Action for SoundHound AI Investors

Investors who have faced financial losses after investing in SoundHound AI, Inc. (SOUN) have a significant opportunity to take action against the company by potentially leading a securities fraud class action lawsuit. On May 23, 2025, the Law Offices of Howard G. Smith announced this opening for those who have lost $50,000 or more due to the company's alleged misconduct.

What Led to the Lawsuit?

The essence of the lawsuit revolves around claims that between May 10, 2024, and March 3, 2025, SoundHound's executives failed to disclose critical weaknesses in the company’s internal controls. These weaknesses allegedly hampered the company's ability to account accurately for corporate acquisitions. Much of the controversy stems from the overstated confidence the company expressed regarding its remediation efforts concerning these internal control issues.

Specifically, the complaint states:
1. SoundHound's material weaknesses negatively impacted its ability to effectively manage acquisitions, including the notable Amelia Acquisition.
2. The company had provided misleading information about the extent of its remediation measures, suggesting it had resolved numerous internal control deficiencies.
3. It was revealed later that the reported goodwill from acquisitions had been inflated, thus necessitating adjustments that would erode the financial facade previously presented to investors.
4. The delay and expense associated with future financial reporting were also concerns, as these may risk timely SEC filings.
5. Ultimately, statements made by SoundHound's leadership about the company's business health were deemed misleading, lacking substantial grounding.

How to Get Involved

If you have faced financial losses as an investor in SoundHound AI, now is the time to act. You are encouraged to contact the Law Offices of Howard G. Smith before the lead plaintiff deadline on May 27, 2025. This deadline is crucial for individuals who wish to participate actively in the ongoing class action lawsuit.*

While retaining your rights as an investor, you can choose to be involved directly or remain an absent member of the class action. Should you opt to learn more about your legal options, you may reach out via email or phone, as detailed below:

• - Email: [email protected]
• - Phone: (215) 638-4847
• - Website: www.howardsmithlaw.com

The Importance of Participation

Participation in such lawsuits plays a vital role not only in personal recovery of losses but also in holding companies accountable for their actions. Through collective legal action, investors can challenge misleading corporate practices and enforce standards that promote transparency and ethical behavior within the corporate world.

Investors often question how effective these lawsuits can be. However, class actions can result in significant settlements, providing financial relief for affected shareholders. Moreover, shedding light on malpractices can encourage changes in corporate governance and oversight, benefiting the broader investment community.

Conclusion

As an investor impacted by SoundHound AI’s activities from May 2024 to March 2025, now is the time to assess your situation. Engage with legal counsel, inform yourself about the lawsuit, and understand your rights. With an impending deadline, it's crucial not to miss the chance to play a part in this important legal action aimed at rectifying corporate wrongdoing and seeking justice for affected investors.