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

SoundHound AI, Inc. Shareholders Engaged in Class Action Lawsuit

In the wake of financial struggles at SoundHound AI, Inc. (NASDAQ: SOUN), shareholders have an opportunity to participate in a class action lawsuit aimed at recovering losses associated with investments in the company. The Gross Law Firm has made a public call for affected shareholders to come forward, particularly those who have purchased shares during the designated class period from May 10, 2024, to March 3, 2025.

Case Background

The allegations outlined in the lawsuit highlight significant shortcomings in SoundHound's internal financial reporting controls, which reportedly impaired its capability to adequately manage corporate acquisitions. Specifically, the company is accused of issuing misleading statements and failing to disclose critical weaknesses in its financial practices that have led to inflated goodwill following its acquisition of Amelia. This inflation, combined with difficulties in addressing the weaknesses, has raised concerns regarding the authenticity of the company's public financial reports.

As a result of these oversights, the lawsuit claims that shareholders were misled about the company's fiscal health, which in turn affected stock performance and investor confidence. The Gross Law Firm is seeking to hold SoundHound accountable for these alleged missteps through this class action.

What Does This Mean for Shareholders?

Shareholders who believe they have been adversely affected by these developments are encouraged to reach out to the Gross Law Firm. Participation in the class action does not require an appointment as a lead plaintiff, which broadens access to individuals who may have been hesitant to join initially.

Those interested are advised to register before the approaching deadline of May 27, 2025, to ensure their eligibility for any recovery. Once registered, shareholders will gain access to portfolio monitoring software, which will keep them updated on the case's progression.

Next Steps for Interested Investors

Investors with an interest in this class action can register their details through the designated link provided by the Gross Law Firm. The firm emphasizes that there is no cost or obligation to participate in this suit, making it a viable option for those looking to recover losses stemming from alleged financial mismanagement.

The Role of the Gross Law Firm

The Gross Law Firm, known for its commitment to safeguarding investor rights, aims to address the issues faced by those who have suffered from deceptive business practices. By participating in this class action, shareholders can seek justice for what they perceive as misconduct by SoundHound’s management.

In summary, SoundHound AI, Inc. shareholders who purchased shares during the stipulated period may have a chance to reclaim losses through the class action suit facilitated by the Gross Law Firm. Interested parties are encouraged to act quickly to register and receive further updates on the case, as the deadline to become a lead plaintiff approaches. For more details, potential claimants can contact the Gross Law Firm at the provided address or through their official website for additional information and guidance.