Wolf Haldenstein Advises SOUN Shareholders To Participate In Class Action Against SoundHound AI, Inc.
Action Alert for Investors: Join Wolf Haldenstein in Class Action Against SoundHound AI
In recent news that has reverberated throughout the investment community, Wolf Haldenstein Adler Freeman & Herz LLP has issued a significant announcement regarding a class action lawsuit filed against SoundHound AI, Inc. (ticker symbol: SOUN). This legal action is a powerful signal for shareholders who have stakes in SoundHound, especially those who purchased shares between May 10, 2024, and March 3, 2025. The lawsuit aims to address allegations of misleading representations that SoundHound made regarding its business operations, capabilities, and overall prospects.
Background of the Class Action
The complaint highlights that during the specified class period, various false and potentially damaging claims were made by SoundHound. These unvalidated assertions misled investors and have resulted in significant financial damages for those who relied on the provided disclosures. It wasn't until March 4, 2025, that SoundHound admitted it would not be able to file its Annual Report for 2024 (the 2024 10-K) on schedule, citing complexities in accounting for relevant acquisitions as a major reason.
On the subsequent date, March 11, 2025, the company indeed submitted its 2024 10-K, further admitting that it lacked effective controls for tracking certain complex corporate transactions. This stark revelation has cast a long shadow over the company's credibility and is at the crux of the legal challenge initiated by Wolf Haldenstein.
Why This Matters to Investors
Investors are advised to take this situation seriously, as the repercussions of misleading corporate communications can lead to a loss of trust and financial volatility for stakeholders. Those who acquired SoundHound’s securities during the aforementioned period are particularly encouraged to act swiftly. Wolf Haldenstein has stated that the deadline to apply as the Lead Plaintiff in this class action is May 27, 2025. This represents a crucial opportunity for stakeholders to regain some measure of control and seek justice for the losses they have faced due to misleading statements.
How to Participate
Wolf Haldenstein is urging all concerned investors who purchased SoundHound AI securities during the class period to take action. The firm boasts over 125 years of experience in the field of securities litigation and has a dedicated team poised to assist shareholders in this endeavor.
If you wish to join this class action or require further information about the process, Wolf Haldenstein has simplified the steps for you. Interested parties can reach out via phone at (800) 575-0735 or (212) 545-4774. You can also send an email to the firm at [email protected] to connect with Gregory Stone, the Director of Case and Financial Analysis.
Conclusion
In these turbulent times, investors in SoundHound AI, Inc. must stay informed about their rights and the available avenues for recourse. The ongoing developments surrounding SoundHound, coupled with the diligence of firms like Wolf Haldenstein, underscore the importance of holding companies accountable for their disclosures. As this legal battle unfolds, shareholders are encouraged to unite and ensure their voices are heard in seeking financial redress.
Make sure to act promptly and take control of your investment rights. The window to join this class action is drawing closer, so don't delay in making your voice count against corporate misleading practices.
Topics Financial Services & Investing）
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