Levi & Korsinsky Notifies SoundHound AI, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - SOUN
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Levi & Korsinsky law firm 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 the Amelia Acquisition.
April 18, 2025 | 11:45 am
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The class action lawsuit targets SoundHound AI's financial reporting practices, specifically around internal controls and acquisition accounting, which could negatively impact investor confidence.
The lawsuit alleges significant financial reporting irregularities that could damage investor trust, potentially leading to stock price decline and regulatory scrutiny.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100