NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against SoundHound AI, Inc. ("SoundHound" or the "Company") (NASDAQ:SOUN) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired SoundHound securities between May 10, 2024 and March 3, 2025, both dates inclusive (the "Class Period"). Investors have until May 27, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit.Click here to participate in the action.According to the complaint, during the class period, defendants failed to disclose that: (i) the material weaknesses in SoundHound's internal controls over financial reporting impaired the Company's ability to effectively account for corporate acquisitions; (ii) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses ...Full story available on Benzinga.com
SoundHound is a California-based voice-enabled AI platform that offers solutions such as voice recognition, and transcription for sectors including automotive and hospitality.