Investors Urged to Join SoundHound AI Securities Fraud Lawsuit Before Deadline

Last Chance for SoundHound AI Investors to Join Lawsuit

In an important reminder for investors, the Schall Law Firm has announced the final opportunity to lead a class action lawsuit against SoundHound AI, Inc. This potential legal action focuses on alleged violations of the Securities Exchange Act of 1934, specifically related to misleading financial statements made by the company.

Background of the Case

SoundHound AI, Inc., evidenced by their NASDAQ listing under the symbol SOUN, has been implicated in a series of false and misleading claims regarding its financial reports. The accusations allege that between May 10, 2024, and March 3, 2025, the company failed to accurately disclose its financial standing, leading to significant investor losses when the truth surfaced.

Allegations of Fraud

The lawsuit highlights substantial weaknesses in SoundHound's internal control mechanisms over financial reporting, suggesting that these flaws hindered the company’s capacity to accurately account for its acquisitions. As a result, SoundHound is accused of inflating its financial reports, particularly regarding the goodwill attributed to their acquisition of Amelia. The firm supposedly overstated its remediation of said internal weaknesses, leading to delays in filing crucial financial reports with the SEC.

These misstatements have furthermore led to significant investor confusion and consequent financial damages when the realities of SoundHound's financial health became public. Investors purchasing securities from the company during the designated class period may have experienced losses as a consequence of these alleged misrepresentations.

Call to Action for Potential Claimants

Investors who believe they may have suffered losses due to SoundHound AI's actions are strongly encouraged to take action before the impending deadline of May 27, 2025. Individuals considering joining the class action can contact Brian Schall at the Schall Law Firm free of charge. Further information is accessible through their official website.

The class action remains uncertified at this point; thus, those who do not take action will not be represented legally as part of the claim. There may be a substantial advantage for involved shareholders should this case proceed favorably.

Legal Representation and Further Information

The Schall Law Firm specializes in shareholder rights litigation and class action lawsuits tied to securities fraud. They have a history of representing investors globally and invite any potential claimants to reach out for a no-obligation discussion regarding their rights.

For immediate inquiries, reach out to the firm at the contact options provided, including their office located in Los Angeles. They emphasize the importance of taking timely action before the deadline to ensure representation in the lawsuit.

Conclusion

The alleged discrepancies and misleading statements by SoundHound AI have positioned shareholders at potential risk. Investors who purchased stocks during the specified period are urged to investigate their options to recover losses through this collective legal pursuit. Engaging with the Schall Law Firm could provide necessary guidance for navigating this complex situation, protecting your investments in the long run.