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Shares of SoundHound AI (Nasdaq: SOUN) are plunging on Friday

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Shares of SoundHound AI (NASDAQ: SOUN) are plunging on Friday .

The company's stock lost 14.5% as of 1:50 p.m. ET and was down as much as 18.7% earlier in the day .

The law firm Kessler Topaz Meltzer & Check filed a class action lawsuit on behalf of shareholders on Thursday claiming issues with the company's accounting practices.