Bronstein, Gewirtz & Grossman Files Class Action Against Datavault AI
News related to:Datavault AI Inc · 1 min read
Datavault AI Inc, a technology firm listed on the NASDAQ, is facing legal action following the filing of a class action lawsuit by Bronstein, Gewirtz & Grossman LLC. The law firm announced on September 9, 2026, that the suit aims to recover damages from the company and certain of its officers over alleged violations of federal securities laws.
The lawsuit claims that Datavault AI, along with its officers, made false and misleading statements regarding the company's business, operations, and compliance policies between September 4, 2024, and October 30, 2025. Specifically, the allegations center around three key points:
1. Overstated Corporate Partnerships: The lawsuit alleges that the company had overstated the economic value of its partnerships with Burke, Scilex, and Nature's Miracle. These partnerships were touted as significant drivers of the company's growth and value, but the lawsuit suggests otherwise.
2. Misrepresented Trading Activity: Datavault AI is accused of exaggerating the volume of trading activity on its platform. The complaint states that the trading activity was, in fact, minimal, leading to an inflated perception of the company's performance.
3. Unrevealed Connections: The lawsuit alleges that the company had undisclosed connections with Withrow, a convicted felon. Once these connections were revealed, it is claimed, they would have caused significant reputational harm to Datavault AI.
Bronstein, Gewirtz & Grossman LLC, a nationally recognized investor-rights law firm, represents those who purchased or otherwise acquired Datavault securities during the class period. The firm encourages all affected investors to join the case by visiting its website at bgandg.com/DVLT.
According to Peretz Bronstein, the founding partner of the law firm, "Our practice centers on restoring investor capital and ensuring corporate accountability. This case is no exception. We are committed to holding Datavault AI accountable for its alleged misrepresentations and seeking justice for our clients."
Bronstein, Gewirtz & Grossman LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has a track record of recovering hundreds of millions of dollars for investors nationwide.