Levi & Korsinsky Files Securities Class Action Against Endava plc (DAVA).

Levi & Korsinsky has announced a securities class action lawsuit on behalf of shareholders of Endava plc (DAVA). This action seeks to recover losses incurred by shareholders due to alleged securities fraud occurring between May 23, 2023, and February 28, 2024.

Allegations Against Endava plc

The complaint alleges that the defendants provided misleading information and concealed critical facts regarding the company’s performance. Specifically, it claims that:

1. Decreased Demand: There was a notable decrease in demand for Endava's services.
2. Project Cancellations: Clients postponed or canceled projects, impacting the company's operations.
3. Financial Impact: This led to anticipated declines in revenue and earnings for fiscal years 2023 and 2024.
4. Deceptive Statements: The defendants made overly optimistic claims about the company’s business outlook that were misleading and unfounded.

Your Rights as a Shareholder

If you experienced a loss in Endava stock during the specified period—even if you still hold your shares—you may be entitled to pursue recovery. To learn more about your rights and participate in the class action, visit Levi & Korsinsky's submission form. Participation is free and comes with no obligations.

Levi & Korsinsky LLP is a recognized leader in securities litigation, with a track record of recovering hundreds of millions of dollars for shareholders over the past two decades. With a dedicated team of over 70 professionals, the firm specializes in complex securities cases and has been featured in ISS Securities Class Action Services' Top 50 Report for seven consecutive years.

Related: Bragar Eagel & Squire, P.C. Files Class Action Lawsuit Against WM Technology, Inc.