Datavault AI Faces Securities Fraud Suit, Oct. 5 Deadline Looms
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Los Angeles – -- Investors who purchased Datavault AI, Inc. securities between September 4, 2024 and October 30, 2025 have until October 5, 2026 to seek lead plaintiff status in a newly filed securities fraud class action, according to Glancy Prongay Wolke & Rotter LLP.
Complaint alleges Datavault AI concealed material facts to inflate share price
The class action complaint claims Datavault AI and named defendants made materially false or misleading statements and omitted adverse facts about the company's business, operations and prospects throughout the 13-month class period. The suit alleges the conduct artificially inflated and maintained the market price of Datavault AI securities, inducing investors to purchase shares and options at inflated valuations.