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.
Lead plaintiff motion deadline set for October 5, 2026
Investors with losses on Datavault AI holdings must move the court by October 5, 2026 to be considered for lead plaintiff status. Class members are not required to take action to remain part of the case, and no class has yet been certified by the court.
Glancy Prongay Wolke & Rotter cites 2025 investor recovery ranking
Glancy Prongay Wolke & Rotter LLP, which is soliciting affected investors, was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. The firm has represented investors across multiple sectors in prior securities litigation matters.
Datavault AI investors may retain counsel of their choosing to pursue claims independent of the firm's solicitation.