Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into SoundHound AI, Inc. (NasdaqGM: SOUN) (“SoundHound” or the “Company”).
In January 2024, the Company acquired artificial intelligence (“AI”) software companies SYNQ3 and Amelia Holdings, Inc., resulting in what it hailed as the Company’s “breakthrough year” in 2024. However, on March 4, 2025, the Company disclosed it could not timely file its 2024 Annual Report “[d]ue to the complexity of accounting for [the SYNQ3 and Amelia Acquisitions]” and that it “ha[d] identified material weaknesses in its internal control over financial reporting.” A week later, the Company filed its 2024 10-K, which restated certain financials and revealed for the first time that the Company’s lack of effective controls was impairing its ability to account for corporate acquisitions.
Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.
KSF’s investigation is focusing on whether SoundHound’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of SoundHound shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgm-soun/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
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To learn more about KSF, you may visit www.ksfcounsel.com.
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