Pomerantz LLP and Kaplan Fox & Kilsheimer LLP filed a class-action lawsuit against Datavault AI Inc. on behalf of investors.
The lawsuit alleges the company misrepresented its partnership values and platform trading activity. Plaintiffs further claim Datavault failed to disclose connections to an individual previously convicted of a pump-and-dump felony.
An October 2025 short report from Wolfpack Research triggered a significant stock price drop following similar allegations. The legal action covers the period between September 4, 2024, and October 30, 2025. Affected investors must move to serve as lead plaintiff by October 5, 2026.