What Should Endava plc Investors Know After 24.37% Stock Drop? The Law Offices of Frank R. Cruz Outlines Securities Fraud Class Action Lead Plaintiff Deadline

Lawsuit alleges Endava plc made misleading statements to investors from September 4, 2025 to September 21, 2026; lead plaintiff motions are due November 30, 2026

LOS ANGELES, Oct. 19, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Endava plc ("Endava" or the "Company") (NYSE: DAVA) on behalf of investors who acquired the Company's securities from September 4, 2025 to September 21, 2026. Filed on September 29, 2026, the case is Salgado Laguna v. Endava plc, et al., U.S. District Court for the Southern District of New York, Case No. 1:26-cv-08556.

If you lost money on Endava plc securities, submit your Endava plc loss information by November 30, 2026 to learn about participating in the lawsuit.

Endava plc class action timeline

• Class period begins: September 4, 2025
• Class period ends: September 21, 2026
• Complaint filed: September 29, 2026
• Lead plaintiff motion deadline: November 30, 2026

What happened?

On September 21, 2026, after the market closed, Endava announced its Chief Financial Officer, Mark Thurston, was placed on administrative leave "upon the recommendation of the Company's Audit Committee of the Board." The decision was made "pending the conclusion of an ongoing investigation being conducted by independent outside counsel for the Committee, which was initiated in response to the Company's outside auditors raising concerns about the Company's accounting treatment of certain customer and supplier agreements and related matters."

On this news, the price of Endava's American Depositary Shares ("ADS") fell $0.68 per share, or 24.37%, to close at $2.11 per share on September 22, 2026, thereby injuring investors.

What is the Endava plc lawsuit about?

The Endava plc securities lawsuit alleges that, between September 4, 2025 and September 21, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Endava plc's business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) the accounting treatment for certain customer and supplier agreements and related matters required additional review; (2) as a result of the foregoing, the Company would delay the release of its fourth quarter and full year 2026 financial results; (3) there was reason to doubt the effectiveness of the Company's internal controls and procedures; and (4) as a result, defendants' positive statements about Endava plc's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"According to the complaint filed against Endava plc, the Company, among other things, did not disclose that the accounting treatment for certain customer and supplier agreements and related matters required additional review. The November 30, 2026 deadline is a key date for Endava plc investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.

What should Endava plc investors do now?

The Law Offices of Frank R. Cruz can help Endava plc investors evaluate potential claims to recover their losses.

Investors who want to serve as lead plaintiff in the Endava plc class action must file a motion with the Court by November 30, 2026. For more information, visit the Endava plc case page, email [email protected], or call 310-914-5007.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

Investors may retain counsel of their choice. Endava plc investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Endava plc case.

Questions and answers about the Endava plc lawsuit

Who is eligible? Investors who bought Endava plc securities between September 4, 2025 and September 21, 2026 and lost money may be class members, and may seek lead plaintiff appointment by November 30, 2026.

What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Endava plc class action.

Must I be lead plaintiff to share in a recovery? No, Endava plc investors can take no action and remain absent class members.

How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.

About The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.

Prior results do not guarantee a similar outcome.

Related links

• Endava plc case page, The Law Offices of Frank R. Cruz
• Complaint: Salgado Laguna v. Endava plc, et al., U.S. District Court for the Southern District of New York
• press release
• Endava plc SEC filings index, EDGAR
• The Law Offices of Frank R. Cruz

Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles