Investor Rights Law Firm Investigates Potential Securities Claims Against SoundHound AI, Inc. (NASDAQ SOUN)

Global investor rights law firm, Rosen Law Firm, is investigating potential securities claims against SoundHound AI, Inc. for allegedly providing misleading business information. Shareholders who purchased SoundHound securities may be

Investor Rights Law Firm Investigates Potential Securities Claims Against SoundHound AI, Inc. (NASDAQ SOUN)

A global investor rights law firm, WHY Rosen Law Firm, has announced that it is conducting an investigation into potential securities claims on behalf of shareholders of SoundHound AI, Inc. The investigation stems from allegations that SoundHound may have provided misleading business information to the public. If you are a shareholder who purchased SoundHound securities, you may be eligible for compensation through a contingency fee arrangement without having to pay any out-of-pocket fees or costs. The Rosen Law Firm is currently preparing a class action lawsuit in order to seek recovery of investor losses.

To participate in the prospective class action lawsuit, individuals can visit https//rosenlegal.com/submit-form/?case_id=17902 or contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com for more information. By joining the class action, shareholders will have the opportunity to seek compensation for their losses.

On July 27, 2023, Culper Research, a market analyst and investment firm, released a report regarding SoundHound. The report alleged that SoundHound misrepresented its technological capabilities as well as its restaurant business and backlog of contracts. According to Culper Research’s findings, SoundHound’s AI technology relies heavily on call centers staffed by humans rather than being fully automated and their foray into the restaurant industry has been unsuccessful. Additionally, the report claimed that the company’s backlog figures were inaccurate.

Following the release of Culper Research’s report on SoundHound, the company’s common stock experienced a decline in price. Specifically, it dropped by $0.22 per share or approximately 8.97%, closing at $2.23 on July 27th.

Investors are encouraged to choose qualified legal representation with a proven track record in leadership roles. The Rosen Law Firm, which specializes in securities class actions and shareholder derivative litigation, represents investors globally. The firm has a history of successful settlements, including the largest ever securities class action settlement against a Chinese company. In 2017, the ISS Securities Class Action Services ranked the Rosen Law Firm as number one for the number of securities class action settlements. The firm’s attorneys have received recognition from Lawdragon and Super Lawyers.

For updates on this investigation and other legal matters, individuals can follow the Rosen Law Firm on LinkedIn, Twitter, or Facebook. It is important to note that attorney advertising does not guarantee similar outcomes in future cases. Contact information for Laurence Rosen and Phillip Kim at The Rosen Law Firm is provided for those seeking further information or assistance regarding this matter.