#United States #New York #Class Action #Wolf Haldenstein #SoundHound AI

SoundHound AI Shareholders: Important Class Action Lawsuit Information

In a significant legal development, investors of SoundHound AI, Inc. can now engage in a class action lawsuit which addresses serious allegations against the company. Represented by Wolf Haldenstein Adler Freeman & Herz LLP, a law firm known for its long history of safeguarding investor rights, the case brings to light troubling claims regarding the company's operations that have negatively impacted shareholders.

What’s Happening?

The class action specifically pertains to individuals who obtained SoundHound securities from May 10, 2024, to March 3, 2025. The lawsuit arises from assertions that SoundHound made misleading statements about its business operations during that period, leading investors to believe in the stability and growth potential of the company.

The allegations have broader implications, particularly in the light of SoundHound's recent admissions regarding its accounting practices. On March 4, 2025, the company disclosed an inability to file its Annual Report for 2024, citing complications tied to the SYNQ3 and Amelia acquisitions. Such complexities revealed material weaknesses in the firm's internal controls over financial reporting—a risky observation for any investor.

Following this revelation, the company’s annual report highlighted the deficiencies in controls related to unusual or complex transactions, a claim that was communicated for the first time, indicating that it had struggled to effectively account for corporate acquisitions. This has left many investors feeling misled as they relied upon the prior public statements that painted a more favorable image of the company's status.

Call to Action for Investors

For those who purchased SoundHound securities during the designated class period, the law firm urges you to take action. There is a deadline set for May 27, 2025, for interested shareholders to step up and be appointed as Lead Plaintiff in the active class action. This is a vital opportunity to push for accountability and perhaps reclaim some losses accrued during this troubling period.

Participating in a class action is not only a way to potentially recoup financial losses; it also allows investors to band together in the pursuit of justice against what they believe are wrongful corporate practices.

For assistance, individuals can contact Wolf Haldenstein directly, utilizing their experience in securities litigation to their fullest advantage. The firm, with over 125 years of legal expertise, has successfully represented numerous investors against corporations that have hindered fair trade practices, showcasing their enduring commitment to maintaining investor integrity.

How to Contact Wolf Haldenstein

Investors seeking more information or wishing to join the lawsuit can reach out via:

• - Phone: (800) 575-0735 or (212) 545-4774
• - Email: email protected]
• - Contact Person: Gregory Stone, Director of Case and Financial Analysis
• - Firm Website: [Wolf Haldenstein Adler Freeman & Herz LLP

It’s crucial to act promptly and be informed about these developments. In a climate where corporation accountability is essential, SoundHound AI's case serves as a testament to the importance of transparency and integrity in business. Don't miss the chance to stand for your rights as an investor in this landscape of corporate governance.

This class action lawsuit represents a crucial juncture for many investors caught unaware by the company’s miscommunication regarding its operational health. As stakeholders, it is imperative that you stay updated and involved in the proceedings as they unfold.