Attention Investors: Rosen Law Firm Reminds of Important Deadline for SoundHound AI Securities Class Action Lawsuit
New York, NY – April 10, 2025
Rosen Law Firm, a global investor rights law firm, is reminding purchasers of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) securities during the period from May 10, 2024, to March 3, 2025 (the “Class Period”), of the important May 27, 2025, lead plaintiff deadline. If you purchased SoundHound securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What Happened?
According to the lawsuit, SoundHound AI, Inc. allegedly made false and/or misleading statements and/or failed to disclose that:
- The Company was experiencing significant declines in revenue and gross profit;
- The Company’s financial statements were not accurate;
- The Company was experiencing significant customer attrition;
- The Company’s business was not sustainable.
Why Does This Matter?
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose material information. As a result of the defendants’ false statements, the Company’s stock traded at artificially inflated prices during the Class Period. Investors who purchased SoundHound securities during the Class Period may be able to recover their losses.
What Should Investors Do?
If you purchased SoundHound securities during the Class Period, you may be entitled to compensation. Rosen Law Firm encourages investors to contact the firm before May 27, 2025, to discuss their potential legal rights. The firm provides free consultations and accepts cases on a contingency fee basis, meaning that there are no upfront costs or fees for investors.
Impact on Individuals
If you purchased SoundHound securities during the Class Period, you may have lost significant value in your investment due to the alleged false and misleading statements made by the Company. By joining a securities class action lawsuit, you may be able to recover your losses without any out-of-pocket costs or fees.
Impact on the World
The securities class action lawsuit against SoundHound AI, Inc. is an important step in holding the Company accountable for its alleged false and misleading statements. Such lawsuits serve as a deterrent for companies to make false statements and provide accurate and transparent information to investors. This, in turn, helps maintain a fair and efficient market for all investors.
Conclusion
If you purchased SoundHound securities during the Class Period, you may be entitled to compensation. Rosen Law Firm encourages you to contact the firm before May 27, 2025, to discuss your potential legal rights. The firm provides free consultations and accepts cases on a contingency fee basis. This class action lawsuit serves as an important reminder for companies to provide accurate and transparent information to investors, ensuring a fair and efficient market for all.
