Wolf Popper LLP announced that a securities class action has been filed against DataVault AI Inc. (NASDAQ: DVLT) and certain executives on behalf of investors who purchased or otherwise acquired the company’s securities from September 4, 2024, through October 30, 2025. The complaint alleges that DataVault overstated the economic value of partnerships involving Burke Products, Scilex Holding Company, and Nature’s Miracle Holding Inc., while also portraying activity on its DataVault Platform as higher than it was. It further alleges undisclosed connections to Edward Withrow III, a convicted felon, and misleading promotion of initiatives involving artificial intelligence, quantum computing, Web3, and data monetization. DataVault shares fell $0.45, or approximately 19.4%, from $2.30 on October 30, 2025, to $1.85 on October 31 after Wolfpack Research published a report questioning the company’s representations. Investors who suffered losses may seek appointment as lead plaintiff by October 5, 2026, although lead-plaintiff status is not required to participate in any potential recovery.