Datavault AI Faces Securities Fraud Suit Over DVLT Disclosures
Los Angeles – September 11, 2026 -- Schall, Brown & Schwartz LLP (SBS) has filed a class action lawsuit against Datavault AI Inc. (NASDAQ: DVLT), alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The suit covers investors who purchased DVLT shares between September 4, 2024 and October 30, 2025.
Complaint alleges Datavault overstated AI value in corporate partnerships
The complaint claims Datavault made false and misleading statements about the value its AI technology delivered to corporate partners, including Nature's Miracle. It further alleges the Company misled investors about the actual trading volume on its platform.