Shareholders of 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, potentially overstating goodwill and risking delayed SEC financial reporting.
April 01, 2025 | 11:45 am
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The lawsuit targets SoundHound AI's financial reporting practices, specifically around acquisitions and internal control weaknesses, which could impact investor confidence and stock performance.
The lawsuit alleges significant financial reporting issues that could damage investor trust, potentially leading to stock price decline. Specific concerns include overstated goodwill, acquisition accounting problems, and risk of delayed SEC filings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100