Robbins LLP is Investigating Allegations that Datavault AI Inc. Misled Investors Regarding its Business Prospects
Robbins LLP informs investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Datavault AI Inc. (NASDAQ: DVLT) securities between September 4, 2024 and October 30, 2025.
Datavault AI is a data sciences technology company, owns and operates data management platforms with high computing capabilities in North America, Asia Pacific, Europe, and internationally.
Why was Datavault Sued?
The complaint alleges that defendants misled investors regarding its business prospects and failed to disclose that:
- defendants had overstated the economic value to Datavault AI of its various corporate partnerships with, inter alia, Burke, Scilex, and Nature’s Miracle;
- defendants had overstated the volume of trading activity on the Datavault Platform, which was in fact minimal;
- the Company’s undisclosed connections with Withrow, a convicted felon, when revealed, would cause Datavault AI to incur reputational harm;
- and as a result, defendants’ public statements were materially false and misleading at all relevant times.
Why Did Datavault's Stock Drop?
Plaintiff alleges that on October 31, 2025, Wolfpack Research published a short report concerning Datavault AI Inc. The report alleged, among other things, that Datavault was a "stock promotion" that relied on misleading press releases and "empty claims" concerning artificial intelligence, quantum computing, Web 3.0, and data monetization.
Wolfpack further alleged that Datavault's press releases were filled with promotional buzzwords that did not reflect the Company’s actual business operations. The report also questioned the activity on the Company’s blockchain marketplace, alleging that Datavault’s platform had virtually no trading activity. In addition, Wolfpack raised concerns regarding Datavault’s leadership and affiliations, including alleged connections involving a convicted felon.
On this news, Datavault AI’s stock price fell $0.49 per share, or 19.44%, to close at $2.03 per share on October 31, 2025.
Who May Be Eligible to Participate in the Datavault AI Inc. Class Action?
Investors who purchased or otherwise acquired DVLT securities between September 4, 2024 and October 30, 2025, may be eligible to participate in the proposed securities class action. If you purchased DVLT shares during the Class Period and suffered losses, you may have rights under the federal securities laws. Submit a form for Information.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
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