{"success":true,"data":{"pressRelease":{"id":"151399","rtpr_id":"nGNXcfbqld-20260923","ticker":"DAVA","exchange":"NYSE","all_tickers":["DAVA","2Y5Y"],"title":"Endava plc (NYSE: DAVA) Scrutinized Amid Board Placing CFO On Leave, 25% Stock Drop   -- HBSS","author":"Globe Newswire","published_at":"2026-09-23T20:42:33.092Z","article_body":"SAN FRANCISCO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Investors in Endava (NYSE:\nDAVA) saw the price of their shares tumble over 25% on September 22, 2026\nafter the company revealed serious management and potential accounting\nproblems.\n\nThe developments have prompted national shareholders rights firm Hagens Berman\nto investigate whether Endava has been sufficiently transparent to investors\nabout compliance with applicable accounting rules and, if not, whether it may\nhave violated the federal securities laws.\n\nThe firm urges Endava investors who suffered substantial losses to submit your\nlosses now\n(https://www.globenewswire.com/Tracker?data=2WRnvdGi4RU1PdpRerjPTMvytfw0Fk4c8rVOfS_NewT9yhcHYPVb2Lm_iPZY3uEih084HA37aiciT1zZnOhR_wgNGNdkFWsegC-OwWZlfVCaAfnnjhXGjNGyb_cEHkFawWUpCSaXXjdV6rMKiTQWSQ==).\nIn addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm’s attorneys.\n\nVisit: www.hbsslaw.com/dava \nDirect Contact Email: DAVA@hbsslaw.com \nFirm Telephone: 844-916-0895\n\nEndava plc (DAVA) Investigation:\n\nThe investigation’s focus is on the propriety of Endava’s repeated\nassurances that its “financial statements […] fairly present in all\nmaterial respects the financial condition, results of operations and cash\nflows of the Company[.]”\n\nDoubt about the accuracy of this and other assurances arose after the market\nclosed on September 21, 2026. That day, Endava announced the appointment of an\ninterim CFO that “follows the decision of the Board, upon the recommendation\nof the Audit Committee […] to place Mark Thurston, the Company’s Chief\nFinancial Officer, on administrative leave, effective September 21, 2026.”\n\nThe company also said there is an internal investigation “which was\ninitiated in response to the Company’s outside auditors raising concerns\nabout the Company’s accounting treatment of certain customer and supplier\nagreements and related matters.”\n\nLastly, Endava announced that its quarterly and annual reports would be\ndelayed.\n\nThe market swiftly reacted, sending the price of Endava shares down over 25%\nthat day.\n\n“We’re focused on whether Endava may have to restate its historical\nfinancial statements,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=m_hHHyt9_8vu2I12_oL_E2ZJsz9Qa3w07dBhsoN-v3VEb3Uh040vkljKVUD3SvdhnubqqTkFpnOZ6ORjtZl4tYr3H2nuQ7XeV0BZoheFLfcXZq6rIE-mkfuhu9bdHHBN),\nthe Hagens Berman partner leading the firm’s investigation.\n\nIf you invested in Endava and have substantial losses, or have knowledge that\nwill assist the firm’s investigation, submit your losses now\n(https://www.globenewswire.com/Tracker?data=2WRnvdGi4RU1PdpRerjPTMvytfw0Fk4c8rVOfS_NewSmnv_Mr0gNWUqep3Nuq2lBpax7681OXQaOWov2NbV9odFYr2sfX0VmSb_MDxgP0fw0T7T1A6anWtZy7bG_29Kcw2jdqUzR2V4lh9bjUYqCTQ==)\n»\n\nWhistleblowers: Persons with non-public information regarding Endava should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email DAVA@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=mP_Xm7kgkIpLmjM4O1VUEcaESLBLwOiLn2B-GA11QS7lqSRAsiM0cHHzNSJ6qgibkdBmHDcJdpyCX2KAuEFu5ejBdzMuMLO78XvOY8cX-Bo=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=L0pqO1c-FMC5JWpHrBW6UHAjga6JoR7indOEuBg-S8G-Ro73ubjEzQdZQhFkVZL7rtPl4kN0_oJY5DVby5KC3A==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, DAVA@hbsslaw.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXcfbqld-20260923","title":"Endava plc (NYSE: DAVA) Scrutinized Amid Board Placing CFO On Leave, 25% Stock Drop   -- HBSS","author":"Globe Newswire","ticker":"DAVA","created":"2026-09-23T20:42:33.092Z","tickers":["DAVA","2Y5Y"],"exchange":"NYSE","article_body":"SAN FRANCISCO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Investors in Endava (NYSE:\nDAVA) saw the price of their shares tumble over 25% on September 22, 2026\nafter the company revealed serious management and potential accounting\nproblems.\n\nThe developments have prompted national shareholders rights firm Hagens Berman\nto investigate whether Endava has been sufficiently transparent to investors\nabout compliance with applicable accounting rules and, if not, whether it may\nhave violated the federal securities laws.\n\nThe firm urges Endava investors who suffered substantial losses to submit your\nlosses now\n(https://www.globenewswire.com/Tracker?data=2WRnvdGi4RU1PdpRerjPTMvytfw0Fk4c8rVOfS_NewT9yhcHYPVb2Lm_iPZY3uEih084HA37aiciT1zZnOhR_wgNGNdkFWsegC-OwWZlfVCaAfnnjhXGjNGyb_cEHkFawWUpCSaXXjdV6rMKiTQWSQ==).\nIn addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm’s attorneys.\n\nVisit: www.hbsslaw.com/dava \nDirect Contact Email: DAVA@hbsslaw.com \nFirm Telephone: 844-916-0895\n\nEndava plc (DAVA) Investigation:\n\nThe investigation’s focus is on the propriety of Endava’s repeated\nassurances that its “financial statements […] fairly present in all\nmaterial respects the financial condition, results of operations and cash\nflows of the Company[.]”\n\nDoubt about the accuracy of this and other assurances arose after the market\nclosed on September 21, 2026. That day, Endava announced the appointment of an\ninterim CFO that “follows the decision of the Board, upon the recommendation\nof the Audit Committee […] to place Mark Thurston, the Company’s Chief\nFinancial Officer, on administrative leave, effective September 21, 2026.”\n\nThe company also said there is an internal investigation “which was\ninitiated in response to the Company’s outside auditors raising concerns\nabout the Company’s accounting treatment of certain customer and supplier\nagreements and related matters.”\n\nLastly, Endava announced that its quarterly and annual reports would be\ndelayed.\n\nThe market swiftly reacted, sending the price of Endava shares down over 25%\nthat day.\n\n“We’re focused on whether Endava may have to restate its historical\nfinancial statements,” said Reed Kathrein\n(https://www.globenewswire.com/Tracker?data=m_hHHyt9_8vu2I12_oL_E2ZJsz9Qa3w07dBhsoN-v3VEb3Uh040vkljKVUD3SvdhnubqqTkFpnOZ6ORjtZl4tYr3H2nuQ7XeV0BZoheFLfcXZq6rIE-mkfuhu9bdHHBN),\nthe Hagens Berman partner leading the firm’s investigation.\n\nIf you invested in Endava and have substantial losses, or have knowledge that\nwill assist the firm’s investigation, submit your losses now\n(https://www.globenewswire.com/Tracker?data=2WRnvdGi4RU1PdpRerjPTMvytfw0Fk4c8rVOfS_NewSmnv_Mr0gNWUqep3Nuq2lBpax7681OXQaOWov2NbV9odFYr2sfX0VmSb_MDxgP0fw0T7T1A6anWtZy7bG_29Kcw2jdqUzR2V4lh9bjUYqCTQ==)\n»\n\nWhistleblowers: Persons with non-public information regarding Endava should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email DAVA@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=mP_Xm7kgkIpLmjM4O1VUEcaESLBLwOiLn2B-GA11QS7lqSRAsiM0cHHzNSJ6qgibkdBmHDcJdpyCX2KAuEFu5ejBdzMuMLO78XvOY8cX-Bo=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=L0pqO1c-FMC5JWpHrBW6UHAjga6JoR7indOEuBg-S8G-Ro73ubjEzQdZQhFkVZL7rtPl4kN0_oJY5DVby5KC3A==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, DAVA@hbsslaw.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-23T20:42:33.138186629Z","server_sent_at_ms":1790196153138},"received_at":"2026-09-23T20:42:33.192Z","source_url":null},"analysis":{"id":"140201","press_release_id":"151399","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["CFO placed on administrative leave amid audit-committee-driven internal investigation","Outside auditors raised accounting concerns over customer and supplier agreements","Quarterly and annual reports delayed — potential late-filing / restatement risk","Shares fell over 25% on the disclosure"],"eventType":"legal_litigation","narrative":"Hagens Berman announced an investigation into whether Endava plc misled investors about compliance with accounting rules, following a 25% share-price drop on September 22, 2026.\n\nThe drop came after Endava disclosed it placed CFO Mark Thurston on administrative leave, launched an internal investigation prompted by outside auditors' concerns over accounting treatment of certain customer and supplier agreements, and delayed its quarterly and annual reports.\n\nThis release is a shareholder-solicitation by the law firm rather than a company disclosure; the material underlying news is Endava's own accounting-investigation and late-filing announcement.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation — suppress, but monitor DAVA for issuer 8-K on restatement or late filing."},"keyFigures":{"customDimensions":{"stock_drop_percent":"over 25%","whistleblower_reward_cap":"30 percent of SEC recovery"}},"quotedText":"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","namedEntities":{"people":[{"name":"Mark Thurston","role":"CFO (placed on administrative leave)"},{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":[],"companies":[{"name":"Endava plc","ticker":"DAVA","relationship":"subject of investigation"},{"name":"Hagens Berman","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$2.9 billion","context":"Hagens Berman cumulative recoveries (firm boilerplate)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm (Hagens Berman) investigation solicitation, not issuer disclosure. The underlying company news (CFO on leave, internal accounting investigation, delayed filings, 25% stock drop) is material but was already disclosed by Endava; this release adds no new company information."},"tickerRelevance":{"others":[],"primary":"DAVA"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEventSeverity":"accounting investigation, CFO leave, delayed filings — material if confirmed by issuer"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman announced an investigation into whether Endava plc misled investors about compliance with accounting rules, following a 25% share-price drop on September 22, 2026.\n\nThe drop came after Endava disclosed it placed CFO Mark Thurston on administrative leave, launched an internal investigation prompted by outside auditors' concerns over accounting treatment of certain customer and supplier agreements, and delayed its quarterly and annual reports.\n\nThis release is a shareholder-solicitation by the law firm rather than a company disclosure; the material underlying news is Endava's own accounting-investigation and late-filing announcement.","key_figures":{"customDimensions":{"stock_drop_percent":"over 25%","whistleblower_reward_cap":"30 percent of SEC recovery"}},"named_entities":{"people":[{"name":"Mark Thurston","role":"CFO (placed on administrative leave)"},{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":[],"companies":[{"name":"Endava plc","ticker":"DAVA","relationship":"subject of investigation"},{"name":"Hagens Berman","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$2.9 billion","context":"Hagens Berman cumulative recoveries (firm boilerplate)"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-23T20:42:38.521Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEventSeverity":"accounting investigation, CFO leave, delayed filings — material if confirmed by issuer"}},"durationMs":5286,"modelName":"glm-5.3-flashx"}}