SoundHound AI, Inc. Investors: Key Class Action Updates Ahead

Author: Olivia Taylor Updated: 04-17-2025 05:57 AM

SoundHound AI, Inc. Class Action Lawsuit Reminder

The Gross Law Firm is reaching out to shareholders of SoundHound AI, Inc. (NASDAQ: SOUN) to share critical updates regarding the ongoing class action lawsuit.

Information for Shareholders

If you purchased shares of SOUN during the specified class period, you are encouraged to connect with the firm for potential lead plaintiff appointment. Becoming a lead plaintiff is not a requirement to claim any recovery.

Details of the Class Period

The class period for this case spans from May 10, 2024, to March 3, 2025. Allegations include that during this time, defendants made materially false or misleading statements and failed to disclose several significant issues affecting the company’s financial reporting.

Key Allegations

Specifically, it has been alleged that: (i) internal control weaknesses hindered proper accounting for corporate acquisitions; (ii) the company overestimated the remediation of these internal control weaknesses; (iii) reported goodwill after the Amelia Acquisition was exaggerated and required adjustments; (iv) additional time and costs were expected for accurately accounting for the SYNQ3 and Amelia acquisitions; (v) these weaknesses increased the likelihood of delayed financial reports to the SEC; and (vi) thus, the public statements made by the company were deemed materially misleading.

Important Deadlines

Those impacted by this situation should be aware of the deadline for registration, which falls on May 27, 2025, to participate in this class action. It is crucial to act promptly.

Steps for Affected Shareholders

Upon registering as a shareholder who purchased shares of SOUN during the outlined timeframe, you will gain access to portfolio monitoring software, ensuring you receive continuous updates on the case. There is no cost or obligation associated with participating in this class action.

The Role of The Gross Law Firm

The Gross Law Firm is a well-respected class action law firm that devotes itself to safeguarding the rights of investors harmed by false and misleading business practices. Their mission focuses on holding companies accountable for their actions and ensuring they engage in ethical practices.

Contact Information

For more information regarding this matter, shareholders can contact The Gross Law Firm:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Phone: (646) 453-8903

Frequently Asked Questions

What is the purpose of the class action lawsuit?

The lawsuit aims to address potentially misleading information provided by SoundHound AI, Inc., impacting shareholders during the class period.

How do I know if I qualify to participate?

If you purchased shares of SOUN between May 10, 2024, and March 3, 2025, you may qualify to participate in the class action.

What are the implications of being a lead plaintiff?

Being a lead plaintiff can grant you more influence over the case proceedings, but it is not necessary for participating in claims.

What does registering entail?

Registration involves providing some personal information and verifying your stock purchases within the specified timeframe.

Is there any cost to participate?

No, there is no fee to participate in the class action lawsuit.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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