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, particularly related to corporate acquisitions of Amelia and SYNQ3, and potentially overstated goodwill reporting.

April 18, 2025 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Class action lawsuit alleges material weaknesses in financial reporting and potential misrepresentation of acquisitions and goodwill
The lawsuit directly targets SoundHound AI's financial reporting practices, which could negatively impact investor trust, stock valuation, and potential SEC compliance issues.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100