#USA #New York #Securities Fraud #Rosen Law Firm #SoundHound AI

Overview of the Securities Fraud Case Against SoundHound AI

On May 23, 2025, Lawrence Rosen of the Rosen Law Firm announced a significant opportunity for investors who suffered losses exceeding $100,000 while investing in SoundHound AI, Inc. securities. This announcement is aimed at individuals who purchased shares between May 10, 2024, and March 3, 2025. Investors are being reminded of the fast-approaching deadline to serve as lead plaintiffs in a class action lawsuit. The firm emphasizes that those affected can join without incurring out-of-pocket fees due to a contingency fee arrangement available for the case.

What This Means for Investors

If you were a shareholder during the identified period, your engagement in this class action could potentially lead to financial restitution. To initiate the process of joining the class action, interested parties can visit the Rosen Law Firm's website or contact them directly via email or phone for more detailed information. The firm encourages investors facing losses to remain proactive in their pursuit of justice through this legal avenue.

The Allegations Against SoundHound AI

According to the lawsuit's allegations, SoundHound AI failed to adequately disclose critical information regarding their internal controls over financial reporting. Specific claims state that the company made false and misleading statements about its financial integrity, leading to eventual financial misreporting. For instance:

1. The defendants did not properly account for corporate acquisitions, which raised questions on the company's financial management.
2. SoundHound overstated its ability to fix material weaknesses in its internal controls, failing to manage corporate acquisitions effectively.
3. The alleged inflation of the reported goodwill post-Amelia Acquisition indicates significant discrepancies in financial reporting that need rectification.
4. This leads to an increased risk of failure to meet SEC filing requirements, indicating potential further legal complications.

Why Choose Rosen Law Firm?

Rosen Law Firm is noted for its global expertise in investor rights. Their standing highlights the firm's success in securing substantial settlements for investors over the years. They achieved the largest securities class action settlement against a Chinese company, reflecting their proven track record. The firm has also been recognized for its high number of successful settlements in securities class action cases.

Given the timeline, potential plaintiffs must act swiftly, as a lead plaintiff serves an essential role in guiding the litigation on behalf of the affected shareholders. It's critical for investors to engage with a reliable legal team—Rosen Law Firm encourages individuals to consider experience and success when selecting legal representation.

Key Takeaways for SoundHound Investors

• - Act Quickly: The deadline to file as a lead plaintiff is May 27, 2025. Timeliness is key to ensuring your voice is heard in the litigation process.
• - Understand Your Rights: All investors impacted by the securities fraud allegations are urged to understand their rights and the implications of participating in a class action lawsuit.
• - Stay Informed: Continued updates and information are crucial; maintaining communication with your legal counsel will assist in navigating the process.

Conclusion

In a financial landscape where transparency is vital, the allegations against SoundHound AI underline the importance of holding companies accountable for fraudulent behaviors. As the Rosen Law Firm leads this lawsuit, affected investors have a clear path to seek redress. Those involved should act promptly and stay informed as they navigate this legal landscape. For further updates, follow the Rosen Law Firm via their social media channels or online platforms to remain engaged throughout the proceedings.