Investors Urged to Join Securities Fraud Lawsuit Against SoundHound AI, Inc. Led by The Schall Law Firm
On April 24, 2025, the Schall Law Firm, recognized nationally for its advocacy in shareholder rights, issued a reminder regarding a pending class action lawsuit against SoundHound AI, Inc. This lawsuit addresses alleged violations of the Securities Exchange Act of 1934, particularly sections 10(b) and 20(a), alongside the SEC's Rule 10b-5.
The class encompasses investors who purchased SoundHound's securities within the timeline from May 10, 2024, to March 3, 2025. Those who fall into this category are strongly encouraged to reach out to The Schall Law Firm before the deadline of May 27, 2025, to discuss their potential participation in the lawsuit.
The firm reports that key to the ongoing litigation are claims that SoundHound made numerous misleading statements concerning its operational integrity. Specifically, the complaint indicates that SoundHound struggled with inadequate internal controls over financial reporting. This inability hampered the company’s capacity to accurately report on acquisitions, notably exaggerating improvements in these internal processes.
In particular, the issues around reported goodwill following the acquisition of Amelia have raised red flags. SoundHound's struggles led to delays in filing necessary financial reports with the SEC due to the excessive time required to address the complexities from its acquisitions. Consequently, public disclosures made by the company during this period were deemed materially false and misleading. When the reality of these discrepancies was unveiled, investors faced significant financial losses.
Investors wishing to recover their losses are encouraged to join the class action, facilitated by The Schall Law Firm, noted for specializing in securities litigation and advocating for the rights of shareholders. Interested parties can initiate their inquiries by contacting Brian Schall at the firm's office located at 2049 Century Park East, Suite 2460, Los Angeles, California, or via phone at 310-301-3335. Alternatively, they may visit the firm’s website, www.schallfirm.com, or reach out through email for more detailed information.
It is important to note that as of now, the class has yet to receive certification. This means that until this is achieved, those interested in joining are not represented legally by an attorney. Nonetheless, individuals can choose to remain as absent members if they decide against participating.
The Schall Law Firm, committed to standing up for investors globally, specializes in the intricacies of securities fraud cases and shareholder rights, and looks forward to representing those who have experienced losses during this tumultuous period for SoundHound AI, Inc. Join the movement to seek justice for investor losses and hold accountable those who misled stakeholders.
The class encompasses investors who purchased SoundHound's securities within the timeline from May 10, 2024, to March 3, 2025. Those who fall into this category are strongly encouraged to reach out to The Schall Law Firm before the deadline of May 27, 2025, to discuss their potential participation in the lawsuit.
The firm reports that key to the ongoing litigation are claims that SoundHound made numerous misleading statements concerning its operational integrity. Specifically, the complaint indicates that SoundHound struggled with inadequate internal controls over financial reporting. This inability hampered the company’s capacity to accurately report on acquisitions, notably exaggerating improvements in these internal processes.
In particular, the issues around reported goodwill following the acquisition of Amelia have raised red flags. SoundHound's struggles led to delays in filing necessary financial reports with the SEC due to the excessive time required to address the complexities from its acquisitions. Consequently, public disclosures made by the company during this period were deemed materially false and misleading. When the reality of these discrepancies was unveiled, investors faced significant financial losses.
Investors wishing to recover their losses are encouraged to join the class action, facilitated by The Schall Law Firm, noted for specializing in securities litigation and advocating for the rights of shareholders. Interested parties can initiate their inquiries by contacting Brian Schall at the firm's office located at 2049 Century Park East, Suite 2460, Los Angeles, California, or via phone at 310-301-3335. Alternatively, they may visit the firm’s website, www.schallfirm.com, or reach out through email for more detailed information.
It is important to note that as of now, the class has yet to receive certification. This means that until this is achieved, those interested in joining are not represented legally by an attorney. Nonetheless, individuals can choose to remain as absent members if they decide against participating.
The Schall Law Firm, committed to standing up for investors globally, specializes in the intricacies of securities fraud cases and shareholder rights, and looks forward to representing those who have experienced losses during this tumultuous period for SoundHound AI, Inc. Join the movement to seek justice for investor losses and hold accountable those who misled stakeholders.
Topics Financial Services & Investing）
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