Datavault AI Inc. (NASDAQ: DVLT), a leader in AI experience and asset monetization in the Web 3.0 environment, has taken legal action against unknown defendants for alleged securities fraud, defamation, and intentional tort. The lawsuit, filed in the Northern District of Illinois, accuses the defendants of employing manipulative trading tactics such as spoofing, layering, and marking the close, alongside spreading defamatory falsehoods on platforms like Stocktwits and LinkedIn. This legal move underscores the company’s commitment to protecting its stock value and reputation amidst a series of positive disclosures and strategic partnerships in 2025.

The complaint, represented by Dickinson Wright’s Securities Enforcement Practice Chair Jacob Frenkel, seeks damages and explores potential civil RICO claims against the unnamed defendants, referred to as Does 1-50, Roe Corporations 1-50, and XYZ LLCs 1-50. Frenkel emphasized the lawsuit’s aim to hold accountable those whose actions have negatively impacted Datavault AI’s stock, despite the company’s strong performance and innovative contributions to the tech industry.

Datavault AI’s platform, known for its comprehensive solutions in Acoustic Science and Data Science Divisions, has been at the forefront of AI and machine learning automation. The company’s technologies, including WiSA(R), ADIO(R), and Sumerian(R), have set industry standards in spatial and multichannel wireless HD sound transmission. Furthermore, its Data Science Division leverages Web 3.0 and high-performance computing to offer solutions across various sectors, highlighting the company’s pivotal role in advancing technology and digital asset monetization.

This lawsuit not only highlights the challenges companies face in the digital age from stock manipulation and online misinformation but also sets a precedent for how firms can legally combat such issues. The outcome of this case could have far-reaching implications for securities fraud litigation and the protection of companies’ stock values in an increasingly digital and interconnected financial market.

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