Datavault AI Inc. Files Lawsuit Alleging Securities Fraud and Defamation

July 11th, 2025 1:35 PM
By: Newsworthy Staff

Datavault AI Inc. (NASDAQ: DVLT) has initiated a federal lawsuit alleging securities fraud and defamation linked to 'naked' short selling and online misinformation, aiming to hold accountable those undermining its stock value despite positive developments.

Datavault AI Inc. Files Lawsuit Alleging Securities Fraud and Defamation

Datavault AI Inc. (NASDAQ: DVLT) has taken legal action by filing a federal lawsuit in the Northern District of Illinois, accusing unnamed defendants of securities fraud, defamation, and intentional tort related to 'naked' short selling and the spread of false information online. The lawsuit, represented by Dickinson Wright, targets unknown individuals and entities, alleging they employed manipulative trading strategies and disseminated defamatory statements on platforms like Stocktwits and LinkedIn. The complaint seeks damages and explores civil RICO claims, with lead counsel Jacob Frenkel emphasizing the lawsuit's goal to address actions that have negatively impacted Datavault AI's stock, despite the company's positive disclosures and strategic partnerships in 2025.

For further details on the lawsuit, visit https://ibn.fm/rbueY.

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