Kessler Topaz Meltzer & Check, LLP Files Securities Class Action Against SoundHound AI.
Kessler Topaz Meltzer & Check, LLP has filed a securities class action lawsuit against SoundHound AI, Inc. (NASDAQ: SOUN), aiming to represent investors who bought or acquired SoundHound shares between May 10, 2024, and March 3, 2025. The case seeks justice for shareholders who may have been misled or financially harmed during this period.
Investors who suffered losses have until May 27, 2025, to seek appointment as lead plaintiff in the case.
To join the action, visit: CLICK HERE TO SIGN UP
You can also contact attorney Jonathan Naji, Esq. at (484) 270-1453 or email info@ktmc.com.
What the Lawsuit Alleges
The complaint alleges that SoundHound and certain executives issued false and misleading statements and failed to disclose significant issues during the Class Period.
Specifically, the company allegedly had material weaknesses in its internal controls over financial reporting, which impaired its ability to accurately account for corporate acquisitions. Despite public assurances, SoundHound overstated the extent to which it had addressed these internal control issues.
As a result of these weaknesses, the company's reported goodwill from its August 2024 acquisition of Amelia Holdings, Inc. was inflated and required correction. Additionally, SoundHound faced delays and increased expenses in accounting for both the Amelia Holdings and SYNQ3 acquisitions.
These issues heightened the risk that SoundHound would be unable to timely file required financial reports with the SEC. Consequently, the company’s public statements during the Class Period were materially false and misleading.
Your Legal Rights and Options
Investors who purchased SoundHound securities during the Class Period may seek to be appointed as lead plaintiff by the May 27, 2025 deadline.
The lead plaintiff is a representative party who acts on behalf of other class members to oversee the litigation. It is typically the investor with the greatest financial interest in the relief sought who is also typical and adequate of the class.
You are not required to serve as lead plaintiff to share in any potential recovery.
🔗 Click here to learn more or submit your information
SoundHound AI, Inc. is a voice artificial intelligence company based in Santa Clara, California. Founded in 2005, it provides an independent voice AI platform that powers conversational experiences across industries like automotive, hospitality, and customer service. Its solutions include voice assistants, smart ordering, and drive-thru systems, with support for 25 languages and over 250 patents. SoundHound is publicly traded on NASDAQ under the ticker SOUN.
Kessler Topaz Meltzer & Check, LLP is a leading law firm specializing in complex litigation, with a strong focus on securities fraud, corporate governance, and shareholder rights. Based in Radnor, Pennsylvania, the firm represents institutional and individual investors, whistleblowers, and consumers worldwide. Kessler Topaz is known for its commitment to holding corporations accountable and has recovered billions of dollars for its clients through high-impact class actions and other litigation strategies.
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