Levi & Korsinsky Reminds SoundHound AI, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 27, 2025 - SOUN
Portfolio Pulse from
Law firm Levi & Korsinsky has filed a class action securities lawsuit against SoundHound AI, Inc. alleging securities fraud between May 10, 2024 and March 3, 2025. The lawsuit claims the company made false statements about internal financial controls, misrepresented its ability to account for corporate acquisitions, and potentially overstated goodwill following recent acquisitions.
April 01, 2025 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Class action lawsuit alleges material weaknesses in financial reporting and potential misrepresentation of acquisition accounting, which could impact investor confidence.
The lawsuit directly targets SoundHound AI's financial reporting practices, suggesting potential significant financial and reputational risks that could negatively impact stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100