A lawsuit is pending for certain investors in SoundHound AI, Inc. (NASDAQ:SOUN) shares.
SAN DIEGO, CA / ACCESS Newswire / August 12, 2025 / Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in SoundHound AI, Inc. (NASDAQ:SOUN) shares.
Investors who purchased shares of SoundHound AI, Inc. (NASDAQ:SOUN) in May 2024 and continue to hold any of those NASDAQ:SOUN shares also have certain options and contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
On March 28, 2025, a NASDAQ:SOUN investor filed a lawsuit over alleged violations of securities laws by SoundHound AI, Inc. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that the material weaknesses in SoundHound’s internal controls over financial reporting impaired the Company’s ability to effectively account for corporate acquisitions, that in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting, that as a result of the foregoing material weaknesses, SoundHound’s reported goodwill following the Amelia Acquisition was inflated and would need to be corrected, that further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions, that the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the United States Securities and Exchange Commission ("SEC"), and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Those who purchased shares of SoundHound AI, Inc. (NASDAQ: SOUN) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
View the original press release on ACCESS Newswire
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