The legal action, filed by Pomerantz LLP, invites shareholders who acquired Endava securities during the relevant class period to seek appointment as lead plaintiff. Prospective participants have until November 30, 2026, to file their requests with the court. The investigation follows a September 21 announcement that CFO Mark Thurston was placed on administrative leave at the recommendation of the Audit Committee. This decision stemmed from concerns raised by outside auditors regarding the company's financial reporting protocols. The market reaction was swift, with Endava’s American Depositary Receipts dropping $0.68 to close at $2.11 on September 22, 2026. Investors seeking to join the proceedings are directed to contact Danielle Peyton at Pomerantz LLP to provide proof of purchase and contact details.
In section Releases
Endava Faces Class Action Lawsuit Following CFO Administrative Leave
A 24% single-day collapse in Endava’s stock price has triggered a class action lawsuit, as investors allege securities fraud following the sudden suspension of the company’s Chief Financial Officer. The litigation targets the firm’s accounting practices regarding specific customer and supplier agreements currently under independent review.
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