Rosen Law Firm says Datavault AI investors may seek lead-plaintiff role in class action
Rosen Law Firm says a class action has been filed over Datavault AI disclosures and that investors who bought during the stated period may seek lead-plaintiff status.
Rosen Law Firm says investors who bought Datavault AI Inc. securities between Sept. 4, 2024, and Oct. 30, 2025, may join a securities class action and seek to serve as lead plaintiff by Oct. 5, 2026.
The notice says the shares trade on Nasdaq under the ticker DVLT and that a class action lawsuit has already been filed. It also says investors in the stated period may be able to seek compensation through a contingency fee arrangement, with no out-of-pocket fees or costs described in the notice.
Rosen says no class has been certified yet, and that investors may choose counsel of their own or remain absent class members.
According to the notice, the lawsuit alleges defendants overstated the economic value of Datavault AI’s partnerships with Burke, Scilex and Nature's Miracle. It also alleges the company overstated trading activity on the Datavault Platform, which the notice says was minimal, and failed to disclose connections with Edward Withrow III, described in the notice as a convicted felon.
The notice says those public statements were allegedly materially false and misleading. It does not say whether Datavault AI has responded to the claims.
Rosen Law Firm describes itself as a global investor rights firm focused on securities class actions and shareholder derivative litigation. The notice directs investors to the firm’s website, rosenlegal.com/cases/datavault-ai-inc/join, or to contact Phillip Kim, Esq. at 866-767-3653 or [email protected].
The case will continue as the court considers whether to appoint a lead plaintiff and whether to certify a class.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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