Class Action Filed Against Datavault AI Inc. Over Alleged Securities Law Violations
Pomerantz LLP has filed a class action lawsuit against Datavault AI Inc. (NASDAQ: DVLT) and certain officers, alleging violations of federal securities laws between September 4, 2024, and October 30, 2025. The case seeks to recover damages for investors who acquired the company's securities during this period. Investors have until October 5, 2026, to request appointment as Lead Plaintiff. The lawsuit centers on Datavault AI’s acquisition of Data Vault Holdings and its rebranding from WiSA Technologies Inc., including undisclosed past SEC violations by key executives like Nathaniel T. Bradley and Edward Withrow III. The company also announced partnerships with Burke Products and Scilex Holding Company, claiming significant revenue potential and strategic investments. The class action highlights concerns over transparency in leadership backgrounds and the accuracy of corporate announcements that may have misled investors.
