Rosen Law Firm Files Class Action Lawsuit Against SoundHound AI, Inc.
New York, NY – April 6, 2025
The Rosen Law Firm, a global investor rights law firm, has announced the filing of a class action lawsuit on behalf of purchasers of securities of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) between May 10, 2024, and March 3, 2025. The lawsuit alleges that SoundHound AI, Inc. and certain of its top executives violated the Securities Exchange Act of 1934 by making materially false and misleading statements and omitting material information regarding the company’s business, financial condition, and prospects.
Allegations against SoundHound AI, Inc.
According to the complaint, during the Class Period, SoundHound AI, Inc. issued misleading statements regarding the company’s financial performance and its ability to generate revenue. The lawsuit alleges that the defendants failed to disclose that the company was experiencing significant declines in revenue and that its business was not performing as well as represented.
Impact on Investors
As a result of the defendants’ misrepresentations, SoundHound AI, Inc. securities traded at artificially inflated prices during the Class Period, causing investors to suffer significant losses. If you purchased SoundHound AI, Inc. securities during the Class Period, you may be entitled to recover your losses.
Impact on the World
The filing of this class action lawsuit against SoundHound AI, Inc. is significant as it highlights the importance of transparency and accuracy in financial reporting. The lawsuit sends a strong message to publicly traded companies that they must provide full and accurate disclosures to investors. Failure to do so can result in costly litigation and damage to the company’s reputation.
Lead Plaintiff
If you wish to serve as lead plaintiff in this class action, you must move the Court no later than May 27, 2025. The lead plaintiff will be a representative party acting on behalf of other class members in this lawsuit.
Conclusion
The Rosen Law Firm’s filing of a class action lawsuit against SoundHound AI, Inc. is a reminder to investors to carefully monitor the companies in which they invest and to be vigilant for any signs of misrepresentation or fraud. If you believe that you have suffered losses as a result of SoundHound AI, Inc.’s misrepresentations, you may be entitled to recover your losses.
- Rosen Law Firm files class action lawsuit against SoundHound AI, Inc.
- Allegations of misrepresentations and omissions regarding financial performance.
- Impact on investors: significant losses due to artificially inflated stock prices.
- Impact on the world: importance of transparency and accuracy in financial reporting.
- Lead plaintiff deadline: May 27, 2025.
