#USA #New York #Class Action #Levi & Korsinsky #SoundHound AI

Investors Encouraged to Join Class Action Against SoundHound AI, Inc.

Levi & Korsinsky, LLP has reached out to investors of SoundHound AI, Inc. regarding a potential class action lawsuit. The firm is seeking to recover losses for investors who believe they were negatively impacted by alleged securities fraud occurring between May 10, 2024, and March 3, 2025.

Background of the Case

The lawsuit targets investors who purchased stock during the specified time frame. The complaint asserts that SoundHound AI, Inc. (NASDAQ: SOUN) misled the public about the strength of its financial controls in the wake of significant corporate acquisitions. The allegations center around claims that the company’s internal controls over financial reporting were deficient, which may have compromised its ability to accurately reflect its operational status and financial health.

Key points raised in the lawsuit indicate that:
1. The internal control weaknesses hindered SoundHound’s capacity to effectively account for its corporate acquisitions, leading to inflated goodwill following the Amelia Acquisition.
2. The company falsely claimed to have remediated these internal control weaknesses, creating a false sense of security among shareholders.
3. Consequently, this misinformation significantly increased the risk that SoundHound would fail to submit timely financial reports to the SEC.
4. The aforementioned factors collectively led to public statements that were misleading, leaving investors vulnerable to financial losses.

Next Steps for Investors

Eligible investors are encouraged to take action before the deadline on May 27, 2025, to request the court designate them as lead plaintiffs in the class action. Participation in the lawsuit does not require individuals to be lead plaintiffs, and there are no financial costs or obligations to join.

Levi & Korsinsky is a well-established law firm with a proven track record and extensive experience in handling complex securities litigation cases. Over the past two decades, they have secured hundreds of millions in settlements for wronged investors and are recognized for their ability to manage high-stakes legal battles effectively.

How to Participate

Interested shareholders can reach out to the firm for more information. Options for contacting the firm include:

• - Email: [email protected]
• - Phone: (212) 363-7500

A dedicated team member from Levi & Korsinsky will assist with the provided details on the submission process to join the class action.

Conclusion

Investors with financial interests in SoundHound AI, Inc. are encouraged not to miss this opportunity to potentially reclaim losses resulting from alleged securities fraud. Engaging with Levi & Korsinsky may provide the necessary legal support to navigate this complex situation and advocate for their rights as investors. Keep an eye out for further updates as the lawsuit progresses, and consider contacting the firm to ensure active participation.

For more information, visit Levi & Korsinsky's website for further details on the lawsuit and how you can get involved.