Bronstein, Gewirtz & Grossman, LLC: A Class Action Lawsuit Against SoundHound AI, Inc.
On April 3, 2025, Bronstein, Gewirtz & Grossman, LLC, a prominent national law firm, announced the filing of a class action lawsuit against SoundHound AI, Inc. (“SoundHound” or “the Company”) (NASDAQ: SOUN) and certain of its officers. The lawsuit alleges that SoundHound and its officers violated federal securities laws during the period from May 10, 2024, to March 3, 2025 (the “Class Period”).
Class Definition
The class action lawsuit, filed in the United States District Court for the Southern District of New York, seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired SoundHound securities during the Class Period. The lawsuit alleges that the defendants made false and misleading statements and failed to disclose material information regarding SoundHound’s business, operations, and financial condition.
Impact on Individual Investors
If you are an individual investor who purchased SoundHound securities during the Class Period, you may be eligible to participate in this class action lawsuit. The lawsuit seeks to recover damages for investors who suffered financial losses as a result of the defendants’ alleged securities law violations. It is essential that you keep any records or documentation of your transactions in SoundHound securities, as this information will be crucial in pursuing your claim.
Impact on the World
The class action lawsuit against SoundHound is a significant development for investors and the technology industry as a whole. The allegations of securities law violations have raised concerns about the accuracy and transparency of the information provided by SoundHound to the investing public. This lawsuit could lead to increased scrutiny of technology companies’ financial reporting and disclosure practices.
Additional Information
According to other online sources, the allegations against SoundHound include misrepresentations regarding the Company’s revenues, user growth, and partnerships. These misrepresentations allegedly inflated SoundHound’s stock price, causing investors to purchase shares at artificially inflated prices. The lawsuit also alleges that SoundHound failed to disclose the risks associated with its business model, including intense competition and the need for significant marketing expenditures to attract and retain users.
The outcome of this class action lawsuit could have far-reaching implications for SoundHound and its investors. A successful outcome for the plaintiffs could result in significant damages being awarded to eligible investors. Conversely, a favorable outcome for SoundHound and its officers could lead to a dismissal of the lawsuit or a finding that no securities law violations occurred.
Conclusion
The filing of a class action lawsuit against SoundHound AI, Inc. and its officers is a significant development for investors and the technology industry. The allegations of securities law violations have raised concerns about the accuracy and transparency of the information provided by SoundHound to the investing public. If you are an individual investor who purchased SoundHound securities during the Class Period, it is essential to keep any records or documentation of your transactions and consult with a securities attorney to determine your eligibility to participate in this lawsuit.
The outcome of this class action lawsuit could have significant implications for SoundHound and its investors. It is crucial that investors remain informed about the progress of this lawsuit and any developments that may impact their investments. Stay tuned for updates on this developing story.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against SoundHound AI, Inc.
- Allegations of securities law violations during the Class Period.
- Possible damages for eligible investors.
- Implications for technology industry transparency.
- Stay informed about developments in this lawsuit.
