logo
logo

Investors Urged to Act Before Deadline in SoundHound Securities Class Action

Business and Finance
‌
‌
sparksAI summary
Display highlights
  • Rosen Law Firm files class action against SoundHound AI, Inc. for securities purchased within a specific period.
  • Investors may seek compensation without paying upfront fees through a contingency fee arrangement.
  • Allegations include false statements and material weaknesses in financial reporting affecting goodwill and acquisitions.
  • Investors must take action by May 27, 2025, to potentially lead the litigation.
  • Rosen Law Firm highlights its successful history in securities class actions.
360 summary
  • The lawsuit alleges that TFI International was losing small and medium business customers during the Class Period.
  • TFI's TForce Freight revenue was declining due to the difficulties in managing costs experienced by TFI International.
  • Defendants' positive statements about TFI International's business were deemed materially misleading when the true details entered the market, resulting in investor damages.
Business InsiderBusiness Insider
  • SoundHound's internal controls over financial reporting were impaired during the Class Period, affecting its ability to account for corporate acquisitions effectively.
  • SoundHound overstated its remediation efforts regarding the material weaknesses in its internal controls over financial reporting, leading to inflated reported goodwill following the Amelia Acquisition.
  • The increased risk of being unable to timely file financial reports with the SEC due to the issues in accounting for the SYNQ3 and Amelia Acquisitions impacted SoundHound's public statements, which were deemed materially false and misleading.
Business InsiderBusiness Insider
  • The lawsuit alleges that Ultra Clean's reports of significant growth did not account for weaker demand due to issues faced by one of its major customers, extended qualification timelines, and inventory absorption.
  • Investors suffered damages when the true details about the market demand entered the market, indicating a discrepancy between the optimistic reports and the actual situation.
  • This case highlights the importance of accurate and transparent reporting to prevent investors from experiencing financial losses based on misleading information.
Business InsiderBusiness Insider
Explore
The above information is compiled by Business Insider and does not represent any position of Arbor. It does not constitute any investment advice made by Arbor. Before making any investment decisions, investors should consider the risk factors related to the investment products based on their own circumstances and seek advice from professional investment advisors if necessary. We strive to ensure but cannot guarantee the truthfulness, accuracy, and originality of the above content, and we make no promises or guarantees in this regard. As machine learning has a probabilistic nature, it may lead to incorrect reflection of facts in certain situations. You should appropriately evaluate the accuracy of any information summary based on your usage, including through manual evaluation of the information summary. We are not responsible for any losses or liabilities incurred by you due to your use, viewing, and access of the platform or failure to do so.
mobile

Remove Duplicated Information

app-iconLess is More
app-icon
Applicable for iOS and Android systems
Follow Us
logo
All rights reserved © 2025 Arbor.