SOUN Investors Have Opportunity to Lead SoundHound AI, Inc. Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of SoundHound AI, Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's financial reporting and internal controls [1][5]. Group 1: Class Action Details - The class action is for purchasers of SoundHound securities between May 10, 2024, and March 3, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm directly [3][6]. Group 2: Allegations Against SoundHound - The lawsuit alleges that SoundHound made false and misleading statements regarding its internal controls over financial reporting [5]. - Specific claims include that SoundHound overstated its ability to remediate material weaknesses in its financial reporting, leading to inflated goodwill following the Amelia Acquisition [5]. - The lawsuit also states that these issues increased the risk of delayed financial report filings with the SEC, resulting in damages to investors when the true details became public [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].