Datavault AI Inc. Class Action Lawsuit - DVLT
Case Summary
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The Datavault AI class action lawsuit seeks to represent purchasers or acquirers of Datavault AI Inc. (NASDAQ: DVLT) securities between September 4, 2024 and October 30, 2025, inclusive (the “Class Period”). Captioned Aramouni v. Datavault AI Inc., No. 26-cv-05548 (E.D. Pa.), the Datavault AI class action lawsuit charges Datavault AI and certain of Datavault AI’s top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Datavault AI class action lawsuit, please provide your information in the form on this page. You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com.
CASE ALLEGATIONS: Datavault AI is a data sciences technology company that owns and operates data management platforms with high computing capabilities.
The Datavault AI class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants had overstated the economic value to Datavault AI of its various corporate partnerships with, among others, Burke Products, Scilex Holding Company, and Nature’s Miracle Holding Inc.; (ii) defendants had overstated the volume of trading activity on the Datavault Platform, which was in fact minimal; (iii) Datavault AI’s undisclosed connections with Edward Withrow III, a convicted felon, when revealed, would cause Datavault AI to incur reputational harm; and (iv) as a result, defendants’ public statements were materially false and misleading at all relevant times.
On October 31, 2025, Wolfpack Research allegedly published a short report on Datavault AI. According to the complaint, the Wolfpack Research report alleged that: (i) Datavault AI’s press releases were filled with promotional buzzwords that did not reflect Datavault AI’s actual business operations; (ii) Datavault AI’s previously announced purported partnerships could not offer the economic upside that defendants claimed they would; (iii) Burke Products’ contracts concerned “run-of-the-mill equipment such as hoses, piping, fuses, and electrical connectors,” undermining Datavault AI’s claim that it was “uniquely positioned to deliver” solutions; and (iv) both Scilex Holding Company and Nature’s Miracle Holding Inc. lacked the resources to fulfill their purported commitments pursuant to the partnerships Datavault AI had announced. The Wolfpack Research report allegedly added that Datavault AI’s platform had virtually no trading activity, and raised concerns about Datavault AI’s leadership and affiliations, including Datavault AI’s leadership’s alleged connections with convicted felon Edward Withrow III. On this news, the price of Datavault AI stock dropped more than 19%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Datavault AI securities during the Class Period to seek appointment as lead plaintiff in the Datavault AI class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Datavault AI class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Datavault AI class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Datavault AI class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.