A securities class action has been filed against Datavault AI Inc. (DVLT) on behalf of persons and entities that purchased or otherwise acquired Datavault AI securities between September 4, 2024 through October 30, 2025. This case has been filed in the USDC – EDPA.
According to the lawsuit, defendants made materially false and/or misleading statements and or failed to disclose that: (1) defendants had overstated the economic value to Datavault AI of its various corporate partnerships with, inter alia, Burke, Scilex, and Nature’s Miracle; (2) defendants had overstated the volume of trading activity on the Datavault Platform, which was in fact minimal; (3) Datavault’s undisclosed connections with Edward Withrow III, a convicted felon, when revealed, would cause Datavault AI to incur reputational harm; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times.