Investors in SoundHound AI, Inc. Should Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights - SOUN
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A class action securities lawsuit has been filed against SoundHound AI, Inc. alleging securities fraud between May 10, 2024 and March 3, 2025. The lawsuit claims the company made false statements and concealed material weaknesses in internal financial controls, particularly related to corporate acquisitions of Amelia and SYNQ3, which potentially inflated reported goodwill and risked delayed SEC financial reporting.
March 31, 2025 | 11:15 pm
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The lawsuit targets SoundHound AI's financial reporting practices, specifically around internal controls and acquisitions, which could negatively impact investor confidence and stock performance.
The lawsuit alleges significant financial reporting irregularities that could damage investor trust, potentially leading to stock price decline, regulatory scrutiny, and increased legal expenses.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100