NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of securities of Endava plc (NYSE: DAVA) between May 23, 2023 and February 28, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 25, 2024. SO WHAT: If you purchased Endava securities during the Class Pe ...

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Endava PLC (NYSE: DAVA) securities between May 23, 2023 and February 28, 2024. Endava provides technology services for clients in consumer products, healthcare, mobility, and retail verticals in North America. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The A ...

Core Viewpoint - A class action has been initiated against Endava, PLC for allegedly misleading investors about its business performance and financial condition during the specified class period [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Endava securities between May 23, 2023, and February 28, 2024 [1]. - Investors have until October 25, 2024, to file a lead plaintiff motion [1]. Group 2: Allegations Against Endava - The allegations include misleading statements and omissions regarding demand for Endava's services in its Payments & Financial Services and Banking & Capital Markets verticals [3]. - The company reported revenues below expectations and significantly reduced its revenue guidance for the full year 2024, attributing this to clients hesitating to commit to necessary spending [4]. Group 3: Impact on Stock Price - Following the revelation of the company's financial struggles, Endava's stock price dropped by $26.65, or 42%, closing at $37.17 on February 29, 2024, amid heavy trading [4].

NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Endava PLC ("Endava" or the "Company") (NYSE: DAVA) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Endava securities between May 23, 2023, and February 28, 2024, both dates inclusive (the "Class Period"). Investors have unti ...

NEW YORK, Aug. 27, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Endava plc ("Endava" or the "Company") (NYSE: DAVA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Endava and certain of its officers and/or dire ...

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Endava, plc for alleged misrepresentations regarding demand for its services in specific sectors during the defined class period from May 23, 2023, to February 28, 2024 [1][2]. Group 1 - The lawsuit claims that Endava misrepresented the demand for its services within the Payments & Financial Services and Banking & Capital Markets verticals [2]. - The class action is on behalf of investors who purchased or acquired Endava's securities during the specified class period [1]. - Interested parties can file to serve as lead plaintiff by October 25, 2024, with no fees or expenses required from shareholders [3]. Group 2 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [4]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 [4].

ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Endava, PLC ("Endava" or "the Company") (NYSE: DAVA). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects, including allegations that: (1) demand for Endava's services was declining; (2) the Company's clients delayed or canceled projects; and (3) as a result, Endava's fi ...

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Endava plc regarding potential securities fraud or unlawful business practices by the company and its officers [1][2] Financial Performance - On February 29, 2024, Endava reported financial results indicating a revenue shortfall of approximately £70 million, which is nearly 9% below prior projections at the midpoint [2] - Following the announcement, Endava's American depositary share (ADS) price dropped by $26.65, or 41.76%, closing at $37.17 per ADS on the same day [2] Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions of dollars in damages for victims of securities fraud and corporate misconduct [3]

SAN DIEGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Endava plc (NYSE: DAVA) securities between May 23, 2023 and February 28, 2024, inclusive (the "Class Period"), have until October 25, 2024 to seek appointment as lead plaintiff of the Endava class action lawsuit. Captioned Mueller v. Endava, plc, No. 24-cv-06423 (S.D.N.Y.), the Endava class action lawsuit charges Endava and certain of Endava's top executives with violations of the Securiti ...

Company Overview - Endava plc is characterized as a software development company that provides businesses with digital transformation consulting and software development solutions [3] Recent Developments - On February 29, 2024, Endava announced its financial results for the three months ended December 31, 2023, revealing that it was running behind its recent revenue trajectory by approximately £70 million, or nearly 9% below prior projections at the midpoint [4] - Following this announcement, the price of Endava American Depositary Shares fell approximately 42% [4] Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Endava plc, focusing on whether Endava and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors [1]