Gross Law Firm Alerts Investors of Class Action Lawsuit Against SoundHound AI, Inc.

Important Announcement for SoundHound AI, Inc. Shareholders

The Gross Law Firm, a recognized class action law firm, has made an announcement regarding a pending class action lawsuit affecting shareholders of SoundHound AI, Inc. (NASDAQ: SOUN). Investors who acquired shares of SoundHound between May 10, 2024, and March 3, 2025, are encouraged to take action as they may be entitled to join the class action.

Allegations of Misconduct

The lawsuit alleges a series of material misrepresentations and omissions made by SoundHound AI that impacted the company’s financial reporting. Specifically, the complaint suggests that the company had significant weaknesses in its internal controls over financial reporting. This affected SoundHound's ability to properly account for its corporate acquisitions. Key points of contention include:

1. It is claimed that SoundHound failed to adequately remediate the weaknesses in its internal financial controls, leading to inflated reported goodwill following the Amelia Acquisition.
2. Furthermore, concerns were raised that SoundHound would potentially struggle to file certain financial reports with the SEC in a timely manner.
3. The firm believes that these issues resulted in material misstatements in the public statements available to investors, thus impacting their trading decisions.

Lead Plaintiff Registration

Shareholders interested in becoming a lead plaintiff for the class action lawsuit can register their details on the Gross Law Firm’s website. However, it's essential to note that being a lead plaintiff is not a prerequisite for participating in the recovery process.

Deadline to Act

The deadline for shareholders to register their interest in the class action lawsuit is set for May 27, 2025. Those who wish to ensure that they receive updates on the case’s progress are advised to register promptly, as this is crucial for staying informed about ongoing developments.

Monitoring and Updates

Once registered, shareholders will gain access to monitoring tools that will provide real-time updates regarding the status of the case, ensuring that they remain informed throughout the litigation process.

Why Choose Gross Law Firm?

The Gross Law Firm is dedicated to safeguarding the rights of investors who may have been misled by fraudulent tactics or illegal business practices. By advocating for responsible business conduct, the firm commits to pursuing justice for those who have suffered financial losses due to misleading corporate behaviors.

For individuals or organizations affected by these practices, now is the time to take action. Retaining experienced legal representation can help facilitate a successful recovery.

For more information, shareholders may refer to the following link for registering or for further insights regarding the lawsuit: Gross Law Firm SoundHound Registration