Frank R. Cruz says Datavault AI investors may seek lead plaintiff role in fraud suit
A PR Newswire notice says the Law Offices of Frank R. Cruz is contacting Datavault AI investors who allegedly suffered losses in an ongoing securities fraud class action.
The Law Offices of Frank R. Cruz says Datavault AI, Inc. investors who say they lost money may seek to lead an ongoing securities fraud class action before an Oct. 5, 2026, deadline.
The notice, published Sept. 3, 2026, concerns Datavault AI, Inc. and its ticker DVLT. It says investors who say they suffered losses may participate in the case and identifies Oct. 5, 2026, as the lead plaintiff deadline.
The notice says investors do not need to take action now to remain absent class members, but anyone seeking a lead role must act before the deadline listed in the release.
According to the press release, the class action complaint alleges that between Sept. 4, 2024, and Oct. 30, 2025, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Datavault AI’s business, operations and prospects. The release also says the complaint alleges defendants deceived investors, artificially inflated and maintained the market price of Datavault AI securities, and caused class members to buy securities and options at artificially inflated prices.
The release does not include a court ruling or a response from Datavault AI. It also says the notice may be considered attorney advertising in some jurisdictions.
The law firm’s notice includes contact information for investors, listing an email address, a phone number, a website and a social media account.
What happens next is tied to the Oct. 5, 2026, lead plaintiff deadline named in the release.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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