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SOUN Shareholders Have the Right to Lead the SoundHound AI, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - SOUN

1. SoundHound AI faces a class action lawsuit for misleading statements. 2. The lawsuit cites weaknesses in financial reporting controls. 3. Allegations include inflation of reported goodwill from acquisitions. 4. Company missed timely SEC filings due to accounting issues. 5. Investors are encouraged to participate if they suffered losses.

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FAQ

Why Very Bearish?

Legal actions often significantly depress stock prices, especially when related to financial misconduct. Historical examples, like with Valeant Pharmaceuticals, demonstrate severe stock price declines during similar lawsuits.

How important is it?

The severity and nature of the lawsuit directly threatens investor confidence and could influence future performance metrics.

Why Short Term?

The immediate market reaction to lawsuits typically affects stock prices rapidly, often within days to weeks.

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AMZNGOOGLMSFT
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against SoundHound AI, Inc. ("SoundHound" or "the Company") (NASDAQ: SOUN) for violations of the federal securities laws. Shareholders who purchased the Company's securities between May 10, 2024 and March 3, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before May 27, 2025. CASE DETAILS:  The complaint alleges that the Company made false and misleading statements to the market. SoundHound suffered from weaknesses in its internal controls over financial reporting which hampered its ability to account for acquisitions. The Company overstated its remediation of these weaknesses. The Company's reported goodwill following its acquisition of Amelia was inflated. This issue, and extra time required to account for the Company's acquisition of Amelia and SYNQ3, would cause it to fail to file certain financial reports with the SEC in a timely manner. If you are a shareholder who suffered a loss, contact us to participate. WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: [email protected] SOURCE DJS Law Group LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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