ROSEN, LEADING INVESTOR COUNSEL, Encourages SoundHound AI, Inc. Investors to Inquire About Securities Class Action Investigation - SOUN, SOUNW
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SoundHound AI (SOUN) is under investigation by Rosen Law Firm for potential securities claims after filing a late 10-K annual report. The company cited complexities in accounting for prior acquisitions and disclosed material weaknesses in internal financial controls. The stock dropped 5.8% on the news, and the law firm is preparing a class action seeking recovery of investor losses.
March 22, 2025 | 4:30 pm
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Potential securities class action investigation highlights internal financial control issues and late annual report filing
Late filing, disclosed material weaknesses in financial controls, and potential legal action suggest significant short-term negative impact on stock price
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100