#United States #New York #Class Action #Gross Law Firm #SoundHound AI

Shareholders of SoundHound AI, Inc. Alerted to Join Class Action Lawsuit

If you have invested in SoundHound AI, Inc. (NASDAQ: SOUN) and suffered financial losses from May 10, 2024, to March 3, 2025, you are not alone. The Gross Law Firm has issued a critical notice urging affected shareholders to join a class action lawsuit aimed at recovering losses incurred during this class period. This legal action stems from serious allegations concerning the company’s financial reporting and internal controls.

Background of the Allegations

During the specified time frame, it is alleged that SoundHound AI made materially false and misleading statements regarding its internal controls over financial reporting. Furthermore, details emerged that the company had overstated its ability to remediate weaknesses related to its financial reporting, raising concerns about the integrity of its financial statements.

Among the key allegations are:

• - Material weaknesses in SoundHound's internal controls that hindered accurate accounting for corporate acquisitions.
• - Overstated reports regarding the extent of remediation efforts for these internal control weaknesses, specifically concerning goodwill following acquisitions of SYNQ3 and Amelia.
• - Increased risks that the company would fail to timely file essential financial reports with the SEC, which further compounded investor concerns.

Impact on Shareholders

As a result of these alleged discrepancies, shareholders may have seen an artificial inflation of stock prices, leading to significant financial losses once the truth surfaced. The issues outlined point to a broader problem within the company's operational framework, potentially affecting present and future corporate governance.

Your Opportunity to Participate

Shareholders are encouraged to register and participate in the class action suit, with the deadline to seek appointment as a lead plaintiff set for May 27, 2025. To register, simply visit this link. By doing so, you will automatically be enrolled in a portfolio monitoring system, providing updates as the case progresses.

Why Choose the Gross Law Firm?

The Gross Law Firm stands out as a nationally recognized class action law firm dedicated to protecting the rights of investors across the country. With a staunch commitment to pursuing responsible business practices, the firm aims to safeguard investors harmed by deception and fraud. They have a robust track record in navigating class actions and are prepared to advocate vigorously for their clients.

In cases of investor loss due to misleading company communications, firms like Gross Law provide a lifeline, ensuring that investors have a voice and a pathway to gain back their losses. Remember, there is no cost or obligation to participate in this case.

Contact the Gross Law Firm at 15 West 38th Street, 12th Floor, New York, NY 10018, phone (646) 453-8903, or via email at [email protected] for more details on how to join and the implications of the ongoing lawsuit.

The time to act is now, as affected shareholders must ensure their voices are heard in this critical matter. Stay informed, stay proactive and consider joining the class action to seek justice and recovery for your investments.