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The filed complaint alleges that Endava plc made materially false and/or misleading statements and/or 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 of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
In order to be eligible to join the DAVA class action lawsuit, you must have incurred a loss on shares of Endava plc purchased during the class period listed above.
● The Allegation: The complaint alleges that Endava made materially false and misleading statements by failing to disclose that the accounting treatment for certain customer and supplier agreements required additional review, that this would delay the release of its fourth quarter and full year 2026 financial results, and that there was reason to doubt the effectiveness of the Company's internal controls and procedures.
● The Stock Drop: On September 22, 2026, Endava's American Depositary Shares fell $0.68 per share (24.37%) to close at $2.11 per share, after the Company announced that its Chief Financial Officer had been placed on administrative leave amid an internal investigation into the accounting treatment of certain customer and supplier agreements.
● Class Period & Defendants: The class period runs from September 4, 2025 through September 21, 2026, inclusive. The named defendants are Endava plc, John Cotterell (Chief Executive Officer), and Mark Thurston (Chief Financial Officer).
● Lead Plaintiff Deadline: November 30, 2026. Investors who wish to seek appointment as lead plaintiff must apply by the deadline.
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Endava Class Action Summary |
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Company |
Endava plc (NYSE: DAVA) |
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Lead Plaintiff Deadline |
November 30, 2026 |
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Class Period |
September 4, 2025 – September 21, 2026 |
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Stock Drop |
September 22, 2026 – DAVA fell $0.68 (24.37%) to $2.11 |
A securities class action lawsuit has been filed against Endava plc (NYSE: DAVA). The case is on behalf of persons and entities who purchased or otherwise acquired Endava securities during the class period and were allegedly damaged thereby. The class period runs from September 4, 2025 through September 21, 2026.
The complaint alleges that Endava made materially false and misleading statements about its business and financial controls. It claims the Company hid that the accounting for certain customer and supplier agreements needed more review. It also claims the Company would delay its fourth quarter and full year 2026 results, and that its internal controls were in doubt.
On September 21, 2026, Endava announced that its Chief Financial Officer had been placed on administrative leave amid an accounting investigation. The stock then fell $0.68 per share, or 24.37%, to $2.11 per share. Investors say they suffered losses as a result.
Endava plc provides technology services in North America, Europe, the United Kingdom, and internationally. The Company offers digital product acceleration services and digital engineering services, and its American Depositary Shares trade on the New York Stock Exchange under the ticker DAVA.
September 4, 2025–September 21, 2026
Investors who purchased or acquired Endava plc (DAVA) securities during the Class Period may be eligible to seek recovery under the federal securities laws.
The complaint centers on Endava's public statements about its financial results and internal controls during the class period. According to the lawsuit, the Company repeatedly reported financial results and reassured investors about the strength of its business, its AI-native strategy, and its financial reporting practices, while allegedly concealing material problems with the accounting treatment of certain customer and supplier agreements.
The class period begins on September 4, 2025, when Endava issued a press release announcing financial results for the fourth quarter and year ended June 30, 2025, and filed its annual report on Form 20-F. The complaint alleges that the annual report affirmed the reported results and stated that the Company's internal control over financial reporting was effective as of June 30, 2025, and that there were no changes materially affecting those controls. The filing also described the Company's revenue recognition methodology under IFRS 15 and warned of risks that could arise if the Company failed to maintain effective internal controls.
The complaint alleges these and later statements, including quarterly results announced on November 11, 2025, February 19, 2026, and May 21, 2026, were materially false and misleading. According to the lawsuit, defendants failed to disclose that the accounting treatment for certain customer and supplier agreements and related matters required additional review, that the Company would delay the release of its fourth quarter and full year 2026 financial results, and that there was reason to doubt the effectiveness of the Company's internal controls and procedures.
The complaint alleges that, as a result, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis. It claims the Individual Defendants, given their senior positions and access to material non-public information, knew or recklessly disregarded that these adverse facts were being concealed from the public.
After the market closed on September 21, 2026, Endava announced that its Chief Financial Officer, Mark Thurston, had been placed on administrative leave upon the recommendation of the Audit Committee of the Board. The Company disclosed that his leave was pending the conclusion of an ongoing investigation being conducted by independent outside counsel for the Audit Committee, which was initiated in response to concerns about the Company's accounting treatment of certain customer and supplier agreements and related matters.
In the same announcement, Endava said that Conor McShane of AlixPartners LLP had been appointed as Interim Chief Financial Officer, effective immediately. According to the complaint, the September 21 disclosure concerned an ongoing investigation into the Company's accounting treatment of certain customer and supplier agreements and related matters, initiated in response to concerns raised by the Company's outside auditors.
The market reacted sharply to the disclosure. On September 22, 2026, the price of Endava's American Depositary Shares fell $0.68 per share, or 24.37%, to close at $2.11 per share, on unusually heavy trading volume. The complaint notes that the Company's share price had closed at a class period high of $10.18 per share on September 5, 2025, underscoring the extent of the decline over the class period.
● Lead Plaintiff Deadline: November 30, 2026
● After the lead plaintiff deadline, the Court will consider any lead plaintiff motions.
● Defendants may file a motion to dismiss.
● If the case proceeds, the Court may later consider class certification.
Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. Prior results do not guarantee similar outcomes.
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