Datavault AI Investors Have Opportunity to Join Securities Fraud Lawsuit

NEW YORK, Sept. 21, 2026 /CourierPR/ -- Datavault AI Inc., a company listed on the NASDAQ under the ticker symbol DVLT, is facing a significant legal challenge. According to a press release from Rosen Law Firm, a global investor rights law firm, investors who purchased Datavault AI securities between September 4, 2024, and October 30, 2025, inclusive, have an opportunity to join a securities fraud lawsuit.

The lawsuit alleges that Datavault AI and its executives made materially false and misleading statements during the class period. Specifically, the claims state that the company overstated the economic value of its corporate partnerships, exaggerated the volume of trading activity on its platform, and failed to disclose its connection with Edward Withrow III, a convicted felon. These omissions and misrepresentations, according to the lawsuit, would have misled investors and artificially inflated the company's stock price.

The lawsuit claims that the defendants' public statements were materially false and misleading, and that investors who purchased Datavault AI securities during the class period may be entitled to compensation without incurring any out-of-pocket costs. The firm has a track record of success, having achieved the largest ever securities class action settlement against a Chinese company and ranking first in securities class action settlements in 2017.

According to the lawsuit, the misrepresentations and omissions by Datavault AI included: 1. Overstating the economic value of its partnerships with Burke, Scilex, and Nature's Miracle. 2. Overstating the volume of trading activity on the Datavault Platform, which was actually minimal. 3. Failing to disclose its connection with Edward Withrow III, a convicted felon, which could have caused reputational harm to the company.

The Rosen Law Firm encourages investors to select qualified counsel with a proven track record of success in leadership roles. The firm emphasizes that many of the firms issuing notices do not handle securities class actions themselves but merely refer clients to law firms that actually litigate the cases. Investors are advised to choose counsel carefully.

To date, a class action lawsuit has already been filed against Datavault AI Inc. The release also notes that until a class is certified, investors are not represented by counsel unless they retain one. Investors have the option to remain an absent class member and do nothing at this point, or to select counsel of their choice. An investor's ability to share in any potential future recovery is not dependent on serving as a lead plaintiff.