Endava faces securities fraud class action after CFO placed on leave

  • Pomerantz LLP announced a securities class action against Endava and certain officers or directors.
  • Endava ADRs fell 24.37% to $2.11 after the accounting investigation disclosure.
  • Investors have until November 30, 2026, to seek appointment as lead plaintiff.

Pomerantz LLP announced that a securities class action has been filed against Endava Plc and certain of its officers and/or directors over alleged securities fraud or other unlawful business practices. The announcement follows Endava’s September 21, 2026, disclosure that Chief Financial Officer Mark Thurston had been placed on administrative leave on the recommendation of the company’s Audit Committee. The leave is pending an investigation by independent outside counsel into concerns raised by Endava’s outside auditors about the accounting treatment of certain customer and supplier agreements and related matters. Endava’s American Depositary Receipt price fell $0.68, or 24.37%, to close at $2.11 on September 22. Investors who purchased or otherwise acquired Endava securities during the class period have until November 30, 2026, to ask the court to appoint them as lead plaintiff.

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