Endava(US:DAVA) Prnewswireยท2024-10-10 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Endava plc regarding a class action lawsuit due to allegations of misleading statements and undisclosed information affecting the company's financial performance during the specified class period [1]. Group 1: Allegations and Impact - The complaint alleges that during the class period from May 23, 2023, to February 28, 2024, the defendants made materially false and/or misleading statements [1]. - Key allegations include a decline in demand for the company's services, delays or cancellations of client projects, and adverse effects on the company's fiscal 2023 and 2024 revenue and earnings [1]. - As a result of these issues, the defendants' positive statements about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [1]. Group 2: Class Action Details - Shareholders who purchased shares of DAVA during the class period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1]. - The deadline for shareholders to register for the class action is October 25, 2024, and there is no cost or obligation to participate [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2].