Investor Rights Law Firm Investigates Potential Securities Claims Against SoundHound AI, Inc.

Rosen Law Firm is investigating potential securities claims against SoundHound AI for allegedly providing misleading business information. Investors who purchased SoundHound securities may be eligible for compensation through a class action lawsuit. For

Investor Rights Law Firm Investigates Potential Securities Claims Against SoundHound AI, Inc.

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. Shareholders who purchased SoundHound securities 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 recover investor losses. Those interested in joining the prospective class action can visit their website or contact Phillip Kim, Esq. toll-free for more information. The law firm aims to provide qualified counsel with a proven track record of success in leadership roles and emphasizes the importance of selecting experienced firms when pursuing securities class actions.

On July 27, 2023, Culper Research, a market analyst and investment firm, released a report on SoundHound. The report alleges that SoundHound misrepresented its technology capabilities as revolutionary AI when it actually relies on call centers staffed by humans. Additionally, it claims that SoundHound’s venture into the restaurant industry has been disastrous and that the company’s backlog figures are false. Following this news, the price of SoundHound common stock dropped by $0.22 per share or 8.97%.

The Rosen Law Firm encourages investors to stay informed about developments related to this case and urges them to choose qualified counsel with a successful history in securities class actions and shareholder derivative litigation. They emphasize that many firms issuing notices lack comparable experience, resources, or meaningful peer recognition and may not actually litigate such cases.

It is worth noting that the Rosen Law Firm has achieved significant success in securities class actions and shareholder derivative litigation cases throughout the globe. In fact, they secured the largest-ever securities class action settlement against a Chinese company and have consistently ranked among the top firms in terms of securities class action settlements. They have recovered hundreds of millions of dollars for investors and their attorneys have been recognized by reputable publications such as Lawdragon and Super Lawyers.

For updates on this case, individuals can follow the Rosen Law Firm on LinkedIn, Twitter, or Facebook. The firm’s contact information is also provided for those seeking further assistance or information regarding the investigation into SoundHound. It is important to note that prior results do not guarantee a similar outcome in this case.