A class action lawsuit has been filed against Endava plc, a global technology services company, alleging the company misled investors regarding its accounting treatment of certain customer and supplier agreements and related matters. Shareholder rights law firm Robbins LLP announced the lawsuit, reminding investors who purchased or otherwise acquired Endava plc securities between September 4, 2025, and September 21, 2026, inclusive, about the pending litigation. The firm, based in San Diego, specified that the complaint covers this designated "Class Period."
The lawsuit's filing follows an announcement by Endava on September 21, 2026, after market close, that its Chief Financial Officer, Mark Thurston, had been placed on administrative leave. This decision was made "upon the recommendation of the Company's Audit Committee of the Board" and is pending the conclusion of an ongoing investigation by independent outside counsel. The investigation was initiated after the company's outside auditors raised concerns about the accounting treatment of specific customer and supplier agreements and related matters.
Following this news, Endava's American Depositary Shares (ADS) experienced a significant decline. On September 22, 2026, the price of Endava's ADS fell $0.68 per share, or 24.37%, to close at $2.11 per share on unusually heavy trading volume.
According to the complaint, Endava plc failed to disclose several critical issues during the Class Period. These include that the accounting treatment for certain customer and supplier agreements and related matters required additional review. As a consequence, the company would delay the release of its fourth quarter and full year 2026 financial results. Furthermore, the complaint alleges there was reason to doubt the effectiveness of Endava's internal controls and procedures, and that the defendants' positive statements about the company's business, operations, and prospects were materially misleading or lacked a reasonable basis.
The lawsuit aims to represent investors who suffered significant losses during the specified Class Period. Investors who purchased or acquired Endava plc securities between September 4, 2025, and September 21, 2026, may have legal rights under federal securities laws. Robbins LLP encourages these investors to contact the firm before the lead plaintiff deadline of November 30, 2026. A lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation, although serving in this role is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case progresses and successfully resolves.
Endava plc operates globally, providing technology services in North America, Europe, the United Kingdom, and internationally. The company specializes in digital product acceleration and digital engineering services. Robbins LLP, recognized for its work in shareholder rights litigation, represents investors on a contingency fee basis. The firm states it has helped restore over $2 billion in value to shareholders through securities fraud and shareholder derivative litigation. Brian J. Robbins, a Founding Partner of Robbins LLP, emphasized that companies must provide investors with complete and accurate information to enable markets to function fairly and efficiently.
Investors seeking additional information regarding the Endava plc securities class action or wishing to be notified if a settlement occurs or when corporate executives engage in wrongdoing, can contact Robbins LLP. Inquiries can be submitted directly to the firm, or by emailing attorney Aaron Dumas, Jr., or calling the provided contact number.