SoundHound AI(SOUN) Prnewswire·2025-03-12 21:46Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving SoundHound AI, Inc. and its officers or directors [1][2] Group 1: Company Disclosure - On March 4, 2025, SoundHound announced it would not be able to file its annual report for 2024 on time due to complexities in accounting for prior acquisitions [2] - The company identified material weaknesses in its internal control over financial reporting, which contributed to the delay [2] Group 2: Market Reaction - Following the announcement, SoundHound's stock price decreased by 9.72 per share on March 4, 2025 [2] Group 3: Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud and corporate misconduct [3]