ROSEN, A RANKED AND LEADING LAW FIRM, Encourages SoundHound AI, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SOUN, SOUNW
New York, New York--(Newsfile Corp. - May 4, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SoundHound AI, Inc. (NASDAQ: SOUN) (NASDAQ: SOUNW) between May 10, 2024 and March 3, 2025, both dates inclusive (the 'Class Period'), of the important May 27, 2025 lead plaintiff deadline.
SO WHAT: If you purchased SoundHound securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the SoundHound class action, go to https://rosenlegal.com/submit-form/?case_id=36267 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 27, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, 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; (4) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (5) the foregoing increased the risk that SoundHound would be unable to timely file certain financial reports with the SEC; and (6) as a result, SoundHound's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the SoundHound class action, go to https://rosenlegal.com/submit-form/?case_id=36267 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250734
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
an hour ago
- CNBC
Tariffs are the biggest macroeconomic concern for two in three investors, poll finds
Mounting trade tensions and tariffs have become the single biggest worry for global investors, overshadowing all other economic risks, a new survey shows. Nearly two-thirds (63%) of institutional investors and wealth managers identified trade levies as the most significant macroeconomic concern impacting their strategy, according to a survey published by British investment manager Schroders. The perceived risk from tariffs was more than six times greater than the next highest-ranking concern. The poll, which surveyed nearly 1,000 top investors representing a combined $67 trillion in assets, found that this trade uncertainty is fueling a demand for stability. The study was done between April and May, and ahead of the announcement of the trade deal that U.S. President Donald Trump said was reached with China. The agreement struck on Wednesday is subject to final approval by Trump and Chinese President Xi Jinping, the White House leader said. Meanwhile, the Schroders survey indicated that about four in five investment professionals polled also said they are likely to increase their allocation to actively managed investments in the coming year, in a bid to stem the volatility caused by macroeconomic events. "Resilience now tops the investment agenda, as the rising tide no longer lifts all boats," said Johanna Kyrklund, group chief investment officer at Schroders. "The wider backdrop is that financial markets are still adjusting back to structurally higher interest rates, made painful in many cases by high levels of debt. This is raising questions about future market trends and the value of passive approaches in a period of greater uncertainty." Kyrklund added, "In this environment, active strategies provide the control investors need to manage complexity, create portfolio resilience and seize opportunities."
Yahoo
an hour ago
- Yahoo
The $67,000,000 Chinese mystery in New Hampshire
(NewsNation) — When a billionaire Chinese businessman and his company quietly purchased a commercial building in Nashua, New Hampshire, to ostensibly set up a water plant, the deal went largely unnoticed. That changed when the purchase price was publicly revealed. The company, Nongfu Spring, is China's largest beverage company. The site is next to the Pennichuck water system and allows the company to use local water for a beverage plant. What's raising eyebrows is the mystery of why the company paid $67 million in cash for a property valued at $15 million. 'Being tied into our Pennichuck water system and taking millions of gallons a day of drinking water from the citizens of Nashua is very concerning,' local resident Bob Lozeau told NewsNation. He says most folks in Nashua didn't know about the sale before it happened. State Senator Kevin Avard, a Republican whose district includes part of Nashua, shared his concerns. 'You have the airport here. You have our water supply they are looking to capture,' he told NewsNation. Chinese-owned farmland in the US raises worries of drone attacks at military bases The building spans 337,000 square feet and is situated on 23 acres. It's close to the Nashua Airport, several defense centers and a Federal Aviation Administration control center. Lily Tang Williams fled communism in China and is now running for Congress in New Hampshire as a Republican. 'I did research in English and Mandarin, which is my first language, and I was just shocked,' Williams told NewsNation's Brian Entin. 'I have been trying to warn people,' she says. 'Xi Jinping has a China dream, and his China dream is to use a soft power invasion. Business. Education. Apps like TikTok and WeChat. Media. Entertainment. Everything they can, without firing one shot, to expand into western countries like the United States.' She says China doesn't want her to discuss what she calls the 'soft power invasion' and the national security concerns associated with projects like the Nongfu Spring plant. We asked her what would happen if she spoke out about it in China. 'I would disappear. I'm afraid if I go back, and I go in, they won't let me go out. I would disappear. They want me to shut up,' she told us. The Nongfu Spring expansion in Nashua isn't the only Chinese investment. A few miles away, a Chinese investor purchased the former campus of what was Daniel Webster College. The 50-acre site was sold for $14 million about seven years ago, but it is mostly abandoned today. The mayor of Nashua, Jim Donchess, says the investor paid double what the property was worth. Behind California's underground baby industry bringing Chinese women to the US We asked him why Nongfu Spring would pay more than four times the assessed value for the property by the water plant. 'It's very weird. Why they would do that, I have no idea,' he said. The mayor says he's not against the project, and he doesn't believe there are any national security concerns. The city owns the Pennichuck Corporation water system itself, and the mayor says the city would never consider selling the water company. But he, like everyone else in Nashua, is still wondering why Nongfu Spring paid so much for the property. 'It's very puzzling as to why that would happen,' he said. Nongfu Spring has not yet responded to NewsNation requests for comment. We will update this story if they do. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 hours ago
- Yahoo
Trump says he is open to extending trade deal deadline for other countries: 'I would'
President Donald Trump said Wednesday he was willing to extend the deadline for countries to reach a trade deal with the United States, but he doesn't think it will be necessary. At the same time, he also indicated that in one to two weeks his administration would be sending out letters telling countries "what the deal is." Trump made the remarks ahead of a performance of "Les Misérables" that he attended at the Kennedy Center in Washington with the first lady. Trump Administration Prevails As Appeals Court Pauses Lower Court Decision Blocking Contested Tariffs "I would," Trump said when asked if he would be willing to extend the July 8 deadline for countries to negotiate a trade deal or else face steep tariffs. "But I don't think we're going to have that necessity," the president added, telling reporters "we're rocking in terms of deals" right now. Shortly after announcing sweeping tariff policies on April 2 for virtually every U.S. trading partner, the Trump administration chose to institute a 90-day pause to give countries a chance to make a deal with the United States. Read On The Fox News App Trump noted during the gaggle with reporters ahead of Wednesday's Kennedy Center performance that the United States remains in talks with about 15 countries with whom it is still trying to cement a deal. But the president said that he intends to send letters to these partners setting unilateral tariff rates if a deal is not reached. "We're dealing with Japan. We're dealing with South Korea. We're dealing with a lot of them. We're dealing with about 15 countries. But as you know, we have about 150-plus, and you can't [make a deal with all of them]. So we're going to be sending letters out in about a week and a half, two weeks, to countries and telling them what the deal is." Trump's Tariff Strategy Could Pay For His Tax Bill, But Only If They Stick, Experts Warn "At a certain point, we're just going to send letters out … saying this is the deal, you can take it or leave it," Trump added. Highly anticipated trade talks with China held in London this week led to a preliminary agreement between the world's two biggest economic powers, but the "framework" is still pending final approval from Chinese President Xi Jinping and Trump. "We made a great deal with China. We're very happy with it," Trump told reporters at the Kennedy Center on Wednesday evening. "We have everything we need, and we're going to do very well with it. And hopefully they are, too."Original article source: Trump says he is open to extending trade deal deadline for other countries: 'I would'
