#United States #New York #Securities Fraud #Rosen Law Firm #SoundHound AI

Opportunity for SOUN Investors

The Rosen Law Firm, a renowned global advocate for investor rights, has issued a reminder for those who acquired securities of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) between May 10, 2024 and March 3, 2025. They have a critical deadline approaching on May 27, 2025, to step forward as lead plaintiffs in a class action lawsuit against the company. This legal action pertains to potential securities fraud allegations that affected many investors during the Class Period.

What Should You Know?

Purchasers of SoundHound securities during the specified timeframe have the potential to receive compensation through a contingency fee arrangement, meaning you won’t incur any upfront legal costs. The Rosen Law Firm offers the opportunity for investors to join an existing class action, providing a chance to stand up for their rights without financial burden.

Steps to Follow

If you believe you are eligible to join this lawsuit, you can easily express your interest. Visit Rosen's submission form, or contact Phillip Kim, Esq. at 866-767-3653 or via email at [email protected] for further details. It's important to act swiftly, as the window for filing as a lead plaintiff is limited. A lead plaintiff plays a crucial role, representing the interests of all class members in guiding the litigation process.

Why Choose Rosen Law Firm?

Opting for experienced legal counsel can significantly impact the outcome of such cases. The Rosen Law Firm emphasizes the importance of selecting attorneys with a robust track record in securities class actions. Many firms may lack the necessary experience, merely serving as intermediaries without actual litigation involvement. Rosen Law Firm, on the other hand, has a strong foundation in securities class actions and derivative litigation, with a history of major recoveries for investors, including a noteworthy $438 million secured in 2019.

Case Overview

The allegations set forth in the lawsuit detail a series of misstatements and omissions by the defendants during the Class Period. The complaints include claims that:
1. SoundHound’s internal controls over financial reporting displayed material weaknesses, impacting its ability to manage corporate acquisitions effectively.
2. The company overstated its remedial capacity and the extent to which it addressed these weaknesses.
3. Due to these deficiencies, SoundHound’s reported goodwill after the Amelia Acquisition was inflated and in need of correction.
4. Additional time and resources would likely be necessary to accurately process the SYNQ3 and Amelia Acquisitions.
5. These issues amplified the risk that SoundHound would fail to file timely financial reports with the SEC.
6. Consequently, the public statements made by SoundHound during this period were misleading and inaccurate.

When investors became aware of the actual state of affairs, the lawsuit claims that many sustained financial losses.

Class Action Participation

Joining the SoundHound class action is straightforward. Participate by visiting the Rosen Law Firm's website or reaching out to Phillip Kim directly. It’s worthwhile to note that until the court certifies the class, investors are not represented unless they have retained legal services independently. Thus, while you can opt to remain an absent class member, engaging as a lead plaintiff can empower you in the proceedings.

Keeping Updated

For continuous updates on the lawsuit and related developments, it’s recommended to follow Rosen Law Firm on platforms like LinkedIn, Twitter, and Facebook. By staying informed, you ensure that you’re making the best decisions for your investment rights.

Disclaimer: This communication is for informational purposes and should not be construed as legal advice. Past outcomes do not guarantee future results.