Robbins LLP Advises DLVT Stockholders About Class Action Lawsuit
News provided byDatavault AI Inc · 2 min read
SAN DIEGO, Sept. 4, 2026 /CourierPR/ -- Robbins LLP Urges DLVT Stockholders to Contact the Firm for Information About Class Action Lawsuit Against Datavault AI Inc.
Investors who purchased Datavault AI Inc. (NASDAQ: DVLT) securities between September 4, 2024, and October 30, 2025, are being advised to contact Robbins LLP regarding a class action lawsuit filed on their behalf. The firm, a recognized leader in shareholder rights litigation, reminds investors that they have the right to seek compensation for alleged misrepresentations by the company.
Datavault AI Inc., formerly known as WiSA Technologies, Inc., is a data sciences technology company with operations across North America, Asia Pacific, Europe, and internationally. The company changed its name from WiSA Technologies to Datavault AI Inc. on February 13, 2025, following the acquisition of intellectual property from Data Vault Holdings, Inc.
According to the lawsuit, the defendants in the case, which includes current and former executives of Datavault AI Inc., are accused of misleading investors regarding the company's business prospects and financial performance. Specifically, the complaint alleges that:
- The defendants overstated the economic value of Datavault AI Inc.'s corporate partnerships with Burke, Scilex, and Nature's Miracle. - The volume of trading activity on the Datavault Platform was misrepresented as being significantly higher than it actually was. - The company's undisclosed connections with convicted felon Withrow could lead to reputational harm. - Public statements by the defendants were materially false and misleading throughout the relevant period.
These allegations came to light after Wolfpack Research published a short report on October 31, 2025, alleging that Datavault AI Inc. was engaged in "stock promotion" activities. The report criticized the company for relying on misleading press releases and "empty claims" about artificial intelligence, quantum computing, Web 3.0, and data monetization. Wolfpack also questioned the activity on Datavault's blockchain marketplace, noting that the platform had virtually no trading activity. Additionally, the report raised concerns about the company's leadership and affiliations, including alleged connections involving a convicted felon.
As a result of the Wolfpack report, Datavault AI Inc.'s stock price plummeted by 19.44%, falling from $2.52 per share to $2.03 per share on October 31, 2025.
The law firm notes that the lead plaintiff, a representative investor appointed by the court, must submit their papers to the court by October 5, 2026. Investors do not have to become the lead plaintiff to potentially participate in any recovery obtained through the litigation.
"Behind everything we do is the belief that companies should be governed responsibly, fiduciaries should be held accountable, and shareholders deserve transparency and fairness," said Brian J. Robbins, founding partner of Robbins LLP.
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