Law firm says Datavault AI investors may seek lead plaintiff role in securities-fraud case

Glancy Prongay Wolke & Rotter LLP said Sept. 7, 2026 that investors who lost money in Datavault AI, Inc. may seek to lead a securities-fraud class action. The firm set an Oct. 5, 2026 deadline for lead-plaintiff applications.

The firm said no class has been certified and that investors who bought securities during the class period may take no action and remain absent class members.

According to the release, the proposed class period runs from Sept. 4, 2024 through Oct. 30, 2025. The notice alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Datavault AI’s business, operations and prospects. It also alleges the statements artificially inflated and maintained the company’s market price, leading investors to buy or acquire Datavault AI securities and options at inflated prices.

The release did not include a response from Datavault AI. It said interested investors may contact the firm by email or telephone for more information.

The firm described itself as a national shareholder rights law firm. In the same release, it said it was named one of Law360’s Securities Groups of the Year and ranked second in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025.

The next step is tied to the Oct. 5 deadline stated in the notice. After that date, the court process would determine whether a lead plaintiff is appointed and how the case proceeds, if at all.

Sources

• PR Newswire release: Datavault AI, Inc. shareholders who lost money have opportunity to lead securities fraud lawsuit

Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.