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SoundHound Faces Legal Storm: Investors Fight Back Amid Alleged Financial Missteps

SoundHound AI, Inc. faces a class action lawsuit over allegedly misleading financial statements and inadequate internal financial controls. The company is accused of overstating its ability to correct financial weaknesses and inflating goodwill figures, raising investor concerns. The lawsuit highlights issues related to SoundHound’s rapid acquisitions, including Amelia and SYNQ3, which reportedly lacked financial diligence. […]

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