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

Investors Gain Opportunity to Lead SoundHound AI Securities Fraud Lawsuit

Recently, Rosen Law Firm, a prominent global law firm specializing in investor rights, announced an important update for purchasers of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) securities. This alert is especially significant for those who made purchases between May 10, 2024, and March 3, 2025, a timeframe now referred to as the 'Class Period'. The firm emphasized an approaching deadline of May 27, 2025, motivating investors to act swiftly if they seek to be included as lead plaintiffs in this ongoing case.

Why Should Investors Care?

Purchasing securities during the Class Period holds potential for various investors, as they may be entitled to compensation without having to bear upfront costs due to a contingency fee arrangement. By joining this class action lawsuit, affected investors could recover damages incurred due to SoundHound's alleged misleading and false statements regarding its finances.

To initiate their involvement, investors can visit Rosen Law Firm’s website for more details or directly reach out to Phillip Kim, Esq. at 866-767-3653 or via email at [email protected] for personalized guidance.

Details on the Allegations

The essence of the lawsuit centers around significant claims that during the Class Period, SoundHound's management made deceptive remarks and failed to disclose key weaknesses in their internal financial controls. This means that their ability to accurately account for corporate acquisitions was compromised, and the implications of these misstatements have led to inflated goodwill reported following major acquisitions, such as those involving Amelia and SYNQ3. As a result, concerns arose that SoundHound might not meet SEC filing deadlines, which added further risk to investors.

Once the reality of these issues became evident in the market, a wave of investor damage ensued, underscoring the importance of claims made against the company. This reinforces the necessity for potential plaintiffs to understand their rights and options in court thoroughly.

Selecting the Right Legal Representation

The Rosen Law Firm urges investors to choose legal counsel wisely when considering involvement in such cases. Not all law firms possess the same level of experience or recognition in handling securities fraud class actions, which can significantly impact the outcome. With a gauntlet of achieved settlements in the past, including historic resolutions against Chinese companies, Rosen Law Firm’s reputation fuels confidence in their capabilities. The firm has consistently ranked at the top for the number of successful settlements in securities class action lawsuits, with remarkable recoveries for clients reaching hundreds of millions of dollars.

Final Steps for Participation

It is crucial for interested investors to act promptly, as a lead plaintiff serves as the representative for all class members. The legal pathway requires action to be taken before the stipulated deadline of May 27, 2025. Until the court officially certifies the class, individuals are not legally represented unless they choose to retain counsel, and they also hold the option to remain passive class members if preferred.

Conclusion

In light of these pressing circumstances, the Rosen Law Firm stands ready to assist investors of SoundHound AI, Inc. as they navigate this complex legal landscape. For further assistance and updates, follow the Rosen Law Firm on their social media channels, including LinkedIn, Twitter, and Facebook. Don’t miss this opportunity — positioning oneself as a lead plaintiff could be crucial for experienced investors looking to navigate this contentious security landscape during a challenging time.

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For any queries or further details, visit Rosen Law Firm’s website or directly reach their New York office.

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
Email: [email protected]