Datavault AI Investors Have Until October 5, 2026, to Seek Lead Plaintiff Role
News related to:Datavault AI Inc · 2 min read
Faruqi & Faruqi, LLP, a leading national securities law firm, has issued a reminder to Datavault AI investors about an upcoming deadline in a potential securities class action lawsuit. The firm is encouraging investors who purchased Datavault AI securities between September 4, 2024, and October 30, 2025, to contact partner Josh Wilson directly if they have any questions or concerns about their legal rights.
According to Faruqi & Faruqi, the lawsuit alleges that Datavault AI and certain of its executives violated federal securities laws by making false and misleading statements. The complaint specifically alleges that the company overstated the economic value of its corporate partnerships, including with Burke, Scilex, and Nature's Miracle. Additionally, the lawsuit claims that Datavault AI had overstated the volume of trading activity on its platform, which was in reality minimal. The complaint further details that the company failed to disclose its connections to Withrow, a convicted felon, which would likely cause reputational harm when revealed.
On October 31, 2025, Wolfpack Research published a short report alleging that Datavault AI was a "stock promotion" that relied on misleading press releases and "empty claims" concerning artificial intelligence, quantum computing, Web 3.0, and data monetization. Following this report, Datavault AI's stock price fell by $0.49 per share, or 19.44%, to close at $2.03 per share.
The firm is reminding investors that the deadline to seek the role of lead plaintiff in the federal securities class action is October 5, 2026. Any member of the putative class may move the court to serve as lead plaintiff through counsel of their choice, or they may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff.
Investors are encouraged to review their trading records to determine whether their purchases fall within the defined class period. Faruqi & Faruqi, LLP is available to consult with investors regarding the allegations, their rights, and the options available to them prior to the deadline.
If you purchased Datavault AI securities between September 4, 2024, and October 30, 2025, and would like to discuss your legal rights, you can contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
To learn more about the Datavault AI class action lawsuit, visit the firm’s website at www.faruqilaw.com/DVLT.