Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against SoundHound AI, Inc.
NEW YORK, April 13, 2025 – Bronstein, Gewirtz & Grossman, LLC, a leading national law firm, is reminding investors of the class action lawsuit filed against SoundHound AI, Inc. (“SoundHound” or “the Company”) (NASDAQ: SOUN) and certain of its officers. The lawsuit, which was filed in the United States District Court for the Southern District of New York, alleges that SoundHound and its officers violated the Securities Exchange Act of 1934.
Background
SoundHound AI, Inc. is a technology company based in Santa Clara, California. The Company specializes in voice-enabled artificial intelligence (“AI”) technologies and is best known for its virtual assistant, Hound. SoundHound’s stock has experienced significant volatility in the past year, with shares trading as low as $2.50 in March 2024 and reaching a high of $12.50 in July 2024.
Allegations
The class action complaint alleges that SoundHound and its officers made false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, the complaint alleges that the defendants failed to disclose material information regarding the Company’s financial performance, customer base, and competition. The lawsuit seeks damages on behalf of all persons or entities who purchased or otherwise acquired SoundHound securities between March 1, 2024, and December 31, 2024.
Impact on Individual Investors
If you purchased SoundHound securities between March 1, 2024, and December 31, 2024, you may be eligible to receive compensation for your losses. The class action lawsuit aims to recover damages for investors who suffered financial harm as a result of the defendants’ alleged misrepresentations. To learn more about the class action and your potential eligibility, contact the law firm of Bronstein, Gewirtz & Grossman, LLC.
- Bronstein, Gewirtz & Grossman, LLC: (212) 697-6484 or info@bgandg.com
Impact on the World
The class action lawsuit against SoundHound is significant because it highlights the importance of transparency and accuracy in corporate disclosures. The case serves as a reminder that companies and their executives have a duty to provide truthful and complete information to investors. The outcome of this lawsuit could have far-reaching implications for the technology industry, particularly for other AI companies that may be facing similar challenges.
Conclusion
Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against SoundHound AI, Inc. and certain of its officers, alleging violations of the Securities Exchange Act of 1934. The lawsuit seeks damages on behalf of investors who purchased SoundHound securities between March 1, 2024, and December 31, 2024. If you believe you may be eligible for compensation, contact Bronstein, Gewirtz & Grossman, LLC to learn more about your potential eligibility and the class action lawsuit. The outcome of this case could have significant implications for the technology industry and the importance of transparency in corporate disclosures.
Disclaimer: This communication is not a securities offering, an offer to sell securities, or a solicitation of an offer to buy securities, nor shall it be deemed to provide investment advice on any security, nor does it constitute an offer or recommendation to buy or sell SoundHound securities. The information contained herein has been obtained from publicly available sources and is believed to be reliable but is not necessarily complete or accurate. Any forward-looking statements are not guarantees of performance, and actual results may differ materially. Investors should do their own research or consult a financial professional before investing in any securities.
