Rosen Law Firm Urges SoundHound AI Investors to Join Class Action Investigation
Investigation into SoundHound AI Inc. by Rosen Law Firm
The Rosen Law Firm, a well-known advocate for investor rights, is actively investigating SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) due to allegations regarding misleading information that may have been provided to shareholders. This inquiry comes in light of the company's recent late filing notification, which raises significant concerns for current and prospective investors.
Background on SoundHound AI, Inc.
On March 4, 2025, SoundHound AI, Inc. filed a Notification of Late Filing with the U.S. Securities and Exchange Commission (SEC) indicating they would not meet the deadline for submitting their Form 10-K for the fiscal year ending December 31, 2024. This delay is predominantly attributed to the complexities surrounding the accounting for prior business acquisitions, specifically for Synq3, Inc. and Amelia Holdings, Inc. The notification also pointed out that the company has recognized serious weaknesses in their internal controls over financial reporting, signaling ongoing operational concerns.
The revelation was accompanied by a 5.8% decline in SoundHound's stock the same day, reflecting investor apprehension regarding the company’s financial health and internal governance.
How the Rosen Law Firm Can Help
Shareholders who may be affected or have sustained losses due to these developments are being encouraged to reach out to the Rosen Law Firm for potential recovery through a class action lawsuit. The firm operates on a contingency fee basis, meaning that investors can pursue claims without upfront costs. This approach ensures that investors can participate in legal proceedings without the burden of legal fees, making the process accessible to a wide range of shareholders. Potential participants can inquire by visiting the Rosen Law Firm’s dedicated webpage or contacting them directly for more information.
Why Choose Rosen Law Firm
Rosen Law Firm has a proven track record in handling securities class actions and recovering substantial settlements for investors. The firm holds a reputation for achieving significant outcomes in investor rights litigations, having been recognized as a leader in this niche by ISS Securities Class Action Services. Their experienced attorneys have resoundingly demonstrated success in similar cases, having secured hundreds of millions in settlements over the years. Notably, in 2019 alone, they recovered $438 million for their clients.
Selecting the right legal representation is crucial, especially when navigating the complexities of securities litigation. Rosen Law Firm emphasizes the importance of choosing an established firm with a solid history in handling class action lawsuits, as many other firms lack the necessary experience or resources.
Conclusion
Investors in SoundHound AI, Inc. that are concerned about their rights and potential compensation for losses should consider the ongoing investigation by the Rosen Law Firm as a viable avenue for seeking justice. With robust expertise and a consistent track record of securing favorable outcomes for shareholders, they stand as formidable advocates in this crucial time for affected investors.
For updates on the investigation and guidance on joining the class action, stakeholders can follow the firm on their social media platforms or directly visit their website. Taking action promptly can empower shareholders to safeguard their rights effectively during this challenging period.