Investors Alert: Class Action Lawsuit Against SoundHound AI Targets Alleged Financial Misconduct; Deadline Approaching
Radnor, Pa. – A class action lawsuit was initiated against SoundHound AI, Inc., a notable Nasdaq-listed company, alleging false and misleading financial information to its investors. Kessler Topaz Meltzer & Check, LLP, the law firm handling the lawsuit, asserts that the accusations pertain to the period between May 10, 2024, and March 3, 2025. During this timeframe, it’s claimed that SoundHound mismanaged its internal controls regarding financial reporting and overstated its remediation capabilities. This has reportedly led to an inflated valuation of goodwill for its recent acquisition and may have jeopardized its ability to timely … Read more