Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired SoundHound AI, Inc. (“SoundHound”) (NASDAQ: SOUN) securities between March 1, 2024 and March 11, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) the material weaknesses in SoundHound’s internal controls over financial reporting impaired SoundHound’s ability to effectively account for corporate acquisitions; (2) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (3) as a result of the foregoing material weaknesses, SoundHound’s reported goodwill following the Amelia acquisition was inflated and would need to be corrected; and (4) as a result, SoundHound’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On October 1, 2025, Lead Plaintiffs filed the Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.