Rosen Law Firm Files Class Action Lawsuit Against SoundHound AI, Inc.
On April 3, 2025, Rosen Law Firm, a leading global investor rights law firm, announced the filing of a class action lawsuit on behalf of purchasers of SoundHound AI, Inc. (NASDAQ: SOUN) (NASDAQ: SOUNW) securities between May 10, 2024, and March 3, 2025. The lawsuit alleges that SoundHound AI made false and misleading statements and/or failed to disclose material information during the class period.
Alleged Misstatements and Failure to Disclose
According to the complaint, SoundHound AI made false and/or misleading statements and/or failed to disclose: (1) that the company’s revenue growth was not sustainable, (2) that the company’s financial statements were not accurate, and (3) that the company’s business was not as strong as represented.
Class Period and Lead Plaintiff
The lawsuit covers purchasers of SoundHound AI securities during the class period, which is between May 10, 2024, and March 3, 2025. If you wish to serve as the lead plaintiff in this class action, you must move the Court no later than May 27, 2025.
Impact on Individual Investors
For individual investors, the filing of this class action lawsuit may result in significant financial losses. The lawsuit alleges that SoundHound AI made false and misleading statements, which artificially inflated the price of the company’s securities. When the truth was revealed, the price of SoundHound AI securities declined significantly, causing losses for investors.
Impact on the World
The impact of this class action lawsuit on the world may be felt in several ways. First, it highlights the importance of transparency and accuracy in financial reporting. Second, it may lead to increased scrutiny of technology companies, particularly those in the artificial intelligence sector. Finally, it may encourage other investors to come forward and file similar lawsuits against other companies that have made false or misleading statements.
Conclusion
The filing of this class action lawsuit against SoundHound AI, Inc. is an important development for investors in the technology sector. The allegations made in the lawsuit underscore the importance of transparency and accuracy in financial reporting. This lawsuit may also lead to increased scrutiny of technology companies and encourage other investors to come forward and file similar lawsuits. If you purchased SoundHound AI securities during the class period, you may be eligible to participate in this class action lawsuit. For more information, contact Rosen Law Firm.
- Rosen Law Firm files class action lawsuit against SoundHound AI, Inc.
- Alleges false and misleading statements and failure to disclose.
- Covered purchasers of SoundHound AI securities between May 10, 2024, and March 3, 2025.
- Lead plaintiff must move the Court no later than May 27, 2025.
- Impact on individual investors: significant financial losses.
- Impact on the world: increased scrutiny of technology companies, encourages similar lawsuits.
