Wolf Popper LLP and DJS Law Group filed a securities class action lawsuit against Datavault AI Inc. The legal action represents investors who purchased company securities between September 4, 2024, and October 30, 2025.
The complaint alleges that Datavault and its executives issued materially false and misleading business statements. It specifically claims the company overstated the economic value of its corporate partnerships.
The suit also alleges that Datavault inflated the volume of trading activity occurring on its platform. Additionally, the filing cites undisclosed connections to a convicted felon as a significant reputational risk.