#USA #New York #Class Action #Wolf Haldenstein #SoundHound AI

SoundHound Investors: Important Class Action Lawsuit Notification

A significant announcement from Wolf Haldenstein Adler Freeman & Herz LLP has caught the attention of investors in SoundHound AI, Inc. On April 28, 2025, the seasoned law firm, boasting a rich history of over 125 years, publicly informed shareholders about a class action lawsuit that affects all individuals or entities who purchased or acquired SoundHound securities. This class action encompasses the period between May 10, 2024, and March 3, 2025, demonstrating the firm's commitment to delivering justice to those who have suffered financial repercussions due to alleged misrepresentations by the company.

The Legal Landscape

The class action suit has been filed due to claims that SoundHound AI made materially false and misleading statements regarding its business operations. Investors who placed their trust in the purported information shared by the company's executives may have found themselves misled about the viability and prospects of their investments. The gravity of this situation escalated when SoundHound, on March 4, 2025, revealed it could not file its Annual Report for 2024 on time. This disclosure raised serious concerns among investors, as it pointed toward fundamental issues within the company's accounting practices.

Key Findings from the Complaint

The complaint outlines that SoundHound's announcement about difficulties in filing its annual financial statement was indicative of far-reaching problems within its operational framework, which included:

• - Acknowledgment of material weaknesses in their internal controls over financial reporting.
• - A failure to design and maintain effective controls that pertained to non-routine and complex transactions.
• - The revelation that its ineffective controls hampered the handling of corporate acquisitions.

These findings are critical, as they point directly to the company's inability to maintain transparency and operational integrity, which are vital for investor confidence.

Take Action Before the Deadline

For investors wishing to engage in the action, there is a deadline to bear in mind. To be considered for appointment as Lead Plaintiff, impacted investors must reach out to the court by May 27, 2025. This is an urgent call to action for anyone who acquired SoundHound securities during the class period to ensure they are represented in this legal effort.

Interested shareholders can join the case by reaching out to Wolf Haldenstein directly to submit necessary contact information. The firm is keen to solicit any additional information that may aid in their investigation of the matter.

Why Choose Wolf Haldenstein?

Investors may wonder why they should partner with Wolf Haldenstein for such an important endeavor. The law firm has an established history and a stellar track record in securities litigation, boasting significant experience protecting the rights of investors who’ve faced financial damage from corporate misconduct. Their expertise ensures that aggrieved parties have a robust avenue through which to seek the compensation they rightly deserve.

Contact Information

If you are a stakeholder in this tumultuous saga and seek further clarity or wish to join the class action, contact the firm at:

• - Phone: (800) 575-0735 or (212) 545-4774
• - Email: [email protected]
• - Contact Person: Gregory Stone, Director of Case and Financial Analysis

By standing together as investors, you can advocate for your rights and contribute to a collective push toward accountability and transparency from SoundHound AI, Inc. Don’t miss this opportunity to ensure your voice is heard in court.

Conclusion

This legal situation underlines the importance of diligent investing and the need for companies to maintain utmost transparency with their stakeholders. As this case unfolds, it can serve as a reminder of both the risks involved in investing and the mechanisms available for protecting investors’ interests in a complex financial environment.