{"success":true,"data":{"pressRelease":{"id":"174178","rtpr_id":"nPn2zSqJNa-20261020","ticker":"DAVA","exchange":"NYSE","all_tickers":["DAVA","2Y5Y"],"title":"Endava plc (DAVA) Facing Securities Class Action Amid Delayed Financials, Potential Improper Accounting, CFO On Leave","author":"PR Newswire","published_at":"2026-10-20T13:02:20.660Z","article_body":"Endava plc (DAVA) Facing Securities Class Action Amid Delayed Financials, Potential Improper Accounting, CFO On Leave\nPR Newswire\n\nSAN FRANCISCO, Oct. 20, 2026\n\nSAN FRANCISCO, Oct. 20, 2026 /PRNewswire/ -- Endava (NYSE: DAVA) faces a\nsecurities class action, seeking to represent investors who purchased or\notherwise acquired Endava securities between September 4, 2025 and September\n21, 2026. The lawsuit follows a  25% plummet in price on September 22, 2026\nafter the company revealed serious management and potential accounting\nproblems.\n\nNational shareholders rights firm Hagens Berman continues to investigate\nclaims that the company violated the federal securities laws.\n\nThe firm urges Endava investors who suffered substantial losses to submit your\nlosses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3641192370&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fendava-plc-dava-securities-class-action&a=submit+your+losses+now)\n. In addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm's attorneys.\n\nClass Period: Sept. 4, 2025 – Sept. 21, 2026\nLead Plaintiff Deadline: Nov. 30, 2026\nVisit: www.hbsslaw.com/dava\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3319587826&u=https%3A%2F%2Fwww.hbsslaw.com%2Fdava&a=www.hbsslaw.com%2Fdava)\n\nDirect Contact Email: DAVA@hbsslaw.com (mailto:DAVA@hbsslaw.com)\nFirm Telephone: 844-916-0895\n\nEndava plc ($DAVA) Securities Class Action:\n\nThe litigation's focus is on the propriety of Endava's repeated assurances\nthat its \"financial statements […] fairly present in all material respects\nthe financial condition, results of operations and cash flows of the Company,\"\nthe effectiveness of its internal control over financial reporting, and its\n\"pivot towards AI to establish Endava as an AI leader\" was gaining \"momentum.\"\n\nThe complaint alleges that, during the Class Period, Endava did not disclose\nthat the accounting for certain of its customer and supplier agreements would\nrequire additional review and, as a result, it was likely that it would delay\nthe release of Q4 and FY 2026 financial results.\n\nDoubt about Endava's assurances arose after the market closed on September 21,\n2026. That day, Endava announced the appointment of an interim CFO that\n\"follows the decision of the Board, upon the recommendation of the Audit\nCommittee […] to place Mark Thurston, the Company's Chief Financial Officer,\non administrative leave, effective September 21, 2026.\"\n\nThe company also said there is an internal investigation \"which was initiated\nin response to the Company's outside auditors raising concerns about the\nCompany's accounting treatment of certain customer and supplier agreements and\nrelated 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 financial\nstatements and, if so, whether the adjustments implicate the company's claims\nthat its AI pivot was gaining momentum,\" said Reed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3147016288&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the 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://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3641192370&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fendava-plc-dava-securities-class-action&a=submit+your+losses+now)\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 (mailto:DAVA@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=541186564&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3321444157&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=4284807219&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/endava-plc-dava-facing-securities-class-action-amid-delayed-financials-potential-improper-accounting-cfo-on-leave-302914030.html\n(https://www.prnewswire.com/news-releases/endava-plc-dava-facing-securities-class-action-amid-delayed-financials-potential-improper-accounting-cfo-on-leave-302914030.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, DAVA@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA3028105\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn2zSqJNa-20261020","title":"Endava plc (DAVA) Facing Securities Class Action Amid Delayed Financials, Potential Improper Accounting, CFO On Leave","author":"PR Newswire","ticker":"DAVA","created":"2026-10-20T13:02:20.660Z","tickers":["DAVA","2Y5Y"],"exchange":"NYSE","article_body":"Endava plc (DAVA) Facing Securities Class Action Amid Delayed Financials, Potential Improper Accounting, CFO On Leave\nPR Newswire\n\nSAN FRANCISCO, Oct. 20, 2026\n\nSAN FRANCISCO, Oct. 20, 2026 /PRNewswire/ -- Endava (NYSE: DAVA) faces a\nsecurities class action, seeking to represent investors who purchased or\notherwise acquired Endava securities between September 4, 2025 and September\n21, 2026. The lawsuit follows a  25% plummet in price on September 22, 2026\nafter the company revealed serious management and potential accounting\nproblems.\n\nNational shareholders rights firm Hagens Berman continues to investigate\nclaims that the company violated the federal securities laws.\n\nThe firm urges Endava investors who suffered substantial losses to submit your\nlosses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3641192370&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fendava-plc-dava-securities-class-action&a=submit+your+losses+now)\n. In addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm's attorneys.\n\nClass Period: Sept. 4, 2025 – Sept. 21, 2026\nLead Plaintiff Deadline: Nov. 30, 2026\nVisit: www.hbsslaw.com/dava\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3319587826&u=https%3A%2F%2Fwww.hbsslaw.com%2Fdava&a=www.hbsslaw.com%2Fdava)\n\nDirect Contact Email: DAVA@hbsslaw.com (mailto:DAVA@hbsslaw.com)\nFirm Telephone: 844-916-0895\n\nEndava plc ($DAVA) Securities Class Action:\n\nThe litigation's focus is on the propriety of Endava's repeated assurances\nthat its \"financial statements […] fairly present in all material respects\nthe financial condition, results of operations and cash flows of the Company,\"\nthe effectiveness of its internal control over financial reporting, and its\n\"pivot towards AI to establish Endava as an AI leader\" was gaining \"momentum.\"\n\nThe complaint alleges that, during the Class Period, Endava did not disclose\nthat the accounting for certain of its customer and supplier agreements would\nrequire additional review and, as a result, it was likely that it would delay\nthe release of Q4 and FY 2026 financial results.\n\nDoubt about Endava's assurances arose after the market closed on September 21,\n2026. That day, Endava announced the appointment of an interim CFO that\n\"follows the decision of the Board, upon the recommendation of the Audit\nCommittee […] to place Mark Thurston, the Company's Chief Financial Officer,\non administrative leave, effective September 21, 2026.\"\n\nThe company also said there is an internal investigation \"which was initiated\nin response to the Company's outside auditors raising concerns about the\nCompany's accounting treatment of certain customer and supplier agreements and\nrelated 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 financial\nstatements and, if so, whether the adjustments implicate the company's claims\nthat its AI pivot was gaining momentum,\" said Reed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3147016288&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the 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://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3641192370&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Fendava-plc-dava-securities-class-action&a=submit+your+losses+now)\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 (mailto:DAVA@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=541186564&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=3321444157&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4801691-1&h=4284807219&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/endava-plc-dava-facing-securities-class-action-amid-delayed-financials-potential-improper-accounting-cfo-on-leave-302914030.html\n(https://www.prnewswire.com/news-releases/endava-plc-dava-facing-securities-class-action-amid-delayed-financials-potential-improper-accounting-cfo-on-leave-302914030.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, DAVA@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA3028105\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-20T13:02:20.727548355Z","server_sent_at_ms":1792501340727},"received_at":"2026-10-20T13:02:20.778Z","source_url":"https://www.prnewswire.com/news-releases/endava-plc-dava-facing-securities-class-action-amid-delayed-financials-potential-improper-accounting-cfo-on-leave-302914030.html"},"analysis":{"id":"162243","press_release_id":"174178","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["CFO placed on administrative leave amid internal investigation","outside auditors raised concerns about accounting treatment of customer and supplier agreements","Q4 and FY2026 financial reports delayed","potential restatement of historical financial statements","25% single-day share price drop"],"eventType":"legal_litigation","narrative":"Hagens Berman issued a shareholder-solicitation release announcing it is investigating and pursuing a securities class action against Endava plc (DAVA) covering the period Sept. 4, 2025 through Sept. 21, 2026.\n\nThe release recaps previously reported events: Endava placed CFO Mark Thurston on administrative leave, disclosed an internal investigation sparked by auditor concerns over accounting for customer and supplier agreements, and delayed its Q4/FY2026 reports, sending shares down over 25% on September 22, 2026.\n\nThis is law-firm marketing rather than a new issuer disclosure; no court has certified a class and no settlement exists. The underlying accounting and delayed-filing issues remain serious risks for DAVA holders.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress, but monitor DAVA for restatement and late-filing developments."},"keyFigures":{"customDimensions":{"class_period_end":"Sept. 21, 2026","class_period_start":"Sept. 4, 2025","stock_drop_percent":"25%","lead_plaintiff_deadline":"Nov. 30, 2026"}},"quotedText":"We're focused on whether Endava may have to restate its historical financial statements and, if so, whether the adjustments implicate the company's claims that its AI pivot was gaining momentum","namedEntities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"},{"name":"Mark Thurston","role":"CFO of Endava plc, on administrative leave"}],"products":[],"companies":[{"name":"Endava plc","ticker":"DAVA","relationship":"subject of class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$2.9 billion","context":"Hagens Berman's cumulative recoveries (firm boilerplate)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff-law-firm solicitation issued by Hagens Berman with 'submit your losses now' and lead-plaintiff-deadline CTAs. No new issuer disclosure; no certified class or settlement. Note: underlying facts (delayed filings, CFO on leave, auditor concerns) are severe but are recaps of prior news."},"tickerRelevance":{"others":[],"primary":"DAVA"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingSeverity":"high (audit investigation, CFO leave, delayed filings) but not new in this release"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman issued a shareholder-solicitation release announcing it is investigating and pursuing a securities class action against Endava plc (DAVA) covering the period Sept. 4, 2025 through Sept. 21, 2026.\n\nThe release recaps previously reported events: Endava placed CFO Mark Thurston on administrative leave, disclosed an internal investigation sparked by auditor concerns over accounting for customer and supplier agreements, and delayed its Q4/FY2026 reports, sending shares down over 25% on September 22, 2026.\n\nThis is law-firm marketing rather than a new issuer disclosure; no court has certified a class and no settlement exists. The underlying accounting and delayed-filing issues remain serious risks for DAVA holders.","key_figures":{"customDimensions":{"class_period_end":"Sept. 21, 2026","class_period_start":"Sept. 4, 2025","stock_drop_percent":"25%","lead_plaintiff_deadline":"Nov. 30, 2026"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"},{"name":"Mark Thurston","role":"CFO of Endava plc, on administrative leave"}],"products":[],"companies":[{"name":"Endava plc","ticker":"DAVA","relationship":"subject of class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$2.9 billion","context":"Hagens Berman's cumulative recoveries (firm boilerplate)"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-20T13:02:26.848Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingSeverity":"high (audit investigation, CFO leave, delayed filings) but not new in this release"}},"durationMs":6048,"modelName":"glm-5.3-flashx"}}