Class Action Lawsuit Filed Against Datavault AI Inc. (NASDAQ: DVLT) Over Alleged Securities Fraud
Berger Montague PC has announced a class action lawsuit against Datavault AI Inc. (NASDAQ: DVLT), alleging securities fraud during the period from September 4, 2024 to October 30, 2025. The firm claims that Datavault overstated its partnerships and trading activity on its platform while failing to disclose ties with a convicted felon and undisclosed regulatory issues involving CEO Nathaniel T. Bradley. The lawsuit follows an investigative report by Wolfpack Research in late October 2025, which alleged misleading statements about the company's AI capabilities and financial performance. On news of this report, Datavault shares fell nearly 19% to $2.03 per share on October 31, 2025. Investors who purchased or acquired Datavault securities during the specified period have until October 5, 2026, to seek appointment as lead plaintiff in this case.
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