SoundHound AI(SOUN) Prnewswire·2025-03-07 04:41Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of SoundHound AI, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Legal Action and Investor Rights - Investors who purchased SoundHound securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees, as the Rosen Law Firm is preparing to seek recovery of investor losses [2]. - To participate in the class action, investors can submit their information through the provided link or contact the firm directly [2]. Group 2: Company Financial Reporting Issues - On March 4, 2025, SoundHound filed a Notification of Late Filing with the SEC, indicating it would not be able to file its 10-K annual report for the fiscal year ended December 31, 2024, on time due to complexities in accounting for prior acquisitions [3]. - The Notification also revealed that SoundHound identified material weaknesses in its internal control over financial reporting, which persist as of December 31, 2024, and the company expects to file its Form 10-K by March 18, 2025 [3]. - Following this announcement, SoundHound's shares experienced a decline of 5.8% on March 4, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in recovering significant amounts for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including a notable settlement against a Chinese company and ranking highly in the number of settlements since 2013 [4].