$DAVAOct 2, 2026, 11:50 AM ETAI processed

Class action filed against Endava alleging accounting misstatements after CFO put on leave

AI Summary

Kaplan Fox filed a class action on behalf of Endava (DAVA) investors who bought securities between Sep 4, 2025 and Sep 21, 2026, alleging the company misled investors about the accounting treatment of certain customer and supplier agreements. The suit follows disclosure that CFO Mark Thurston was placed on administrative leave amid an internal accounting investigation on Sep 21, 2026, and Endava ADSs plunged over 24% to $2.11 on Sep 22; investors have until Nov 30, 2026 to move to be lead plaintiff.

Positives

Class action alleges misleading accounting of customer and supplier agreements covering Sep 4, 2025–Sep 21, 2026
CFO Mark Thurston was placed on administrative leave amid an internal investigation into accounting concerns on Sep 21, 2026
Endava ADSs dropped more than 24% to $2.11 on Sep 22, 2026 after the disclosure

Negatives

No negative notes were stored with this alert.

Company Info

Company:: Endava PLC
Exchange:: NYSE
Industry:: Technology
Country:: GB
Website:: https://www.endava.com
Market cap:: 115.79M
Shares outstanding:: 54.33M

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