Important Information Regarding Section 20(a) Individual Liability Claims: The complaint names Endava’s CEO and CFO as alleged control persons over filings that described internal controls as effective while accounting for certain customer and supplier agreements allegedly required additional review.

NEW YORK, Oct. 1, 2026 /PRNewswire/ — SueWallSt notifies investors in Endava plc (NYSE: DAVA) that CEO John Cotterell and CFO Mark Thurston face alleged personal securities liability, including Section 20(a) control person claims, in a class action filed on behalf of purchasers of Endava securities between September 4, 2025 and September 21, 2026. Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.

Endava’s American Depositary Shares fell $0.68 per share, or 24.37%, on September 22, 2026, on unusually heavy trading volume after the Company placed its CFO on administrative leave. The window to apply for lead plaintiff closes on November 30, 2026.

The Named Individual Defendants

The complaint charges that Mr. Cotterell and Mr. Thurston, who served as CEO and CFO at all relevant times, had the power to control the contents of Endava’s SEC reports, press releases, and presentations to analysts and portfolio managers. Each allegedly received these materials before or shortly after release and could have stopped or corrected them.

On September 21, 2026, the Board, acting on the Audit Committee’s recommendation, placed Mr. Thurston on leave pending an investigation by independent outside counsel and named an interim CFO from AlixPartners. As averred, the investigation followed concerns raised by Endava’s outside auditors about the accounting treatment of certain customer and supplier agreements.

Alleged Section 20(a) Control Person Liability

• Authority over disclosures: Both officers allegedly shaped the fiscal 2025 annual report on Form 20-F and each quarterly results announcement issued during the Class Period.
• Controls sign-off: The FY2025 annual report stated that management, with the participation of the CEO and CFO, concluded internal control over financial reporting was effective as of June 30, 2025.
• Undisclosed review: The pleading asserts neither officer disclosed that the customer and supplier agreement accounting required additional review, which allegedly meant Endava would delay its fourth quarter and full year 2026 results.
• Alleged knowledge: Given their positions and access to non-public information, both defendants allegedly knew adverse facts were being withheld from the market.
• Two layers of claims: Each individual is named under Section 10(b) and Rule 10b-5 as well as Section 20(a), which targets those alleged to have controlled the Company.

Sarbanes-Oxley Certification Obligations

Sections 302 and 906 of the Sarbanes-Oxley Act generally require a company’s principal executive and financial officers to personally certify its annual reports, while Section 404 requires a management report on internal controls. The complaint charges that there was reason to doubt the effectiveness of Endava’s controls during the Class Period, despite the effective-controls conclusion reached with both officers’ participation.

“Corporate officers have a duty to ensure their companies’ public statements are accurate and complete. The complaint alleges that Endava’s CEO and CFO took part in an assessment finding internal controls effective, while outside auditors later raised accounting concerns that preceded the CFO’s administrative leave. This litigation will test whether those officers bear personal responsibility for the alleged investor losses,” said Joseph E. Levi, Esq.

Submit your information to learn more or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the DAVA Lawsuit

Q: What court was the DAVA class action filed in?A: The case was filed in the United States District Court for the Southern District of New York, governed by the Private Securities Litigation Reform Act of 1995.

Q: Who are the defendants named in the DAVA lawsuit?A: The complaint names Endava plc and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What is the DAVA class action lawsuit about?A: A securities class action has been filed against Endava plc (NYSE: DAVA) alleging materially false and misleading statements between September 4, 2025 and September 21, 2026. Shares fell approximately 24.37% after the Company disclosed that its CFO had been placed on administrative leave pending an Audit Committee investigation into the accounting treatment of certain customer and supplier agreements. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: What do DAVA investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter?A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my DAVA shares — can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.

Q: What if I live outside the United States?A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor’s country of residence.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@SueWallSt.com

Tel: (888) SueWallSt

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dava-shareholder-alert-november-30-2026-lead-plaintiff-deadline-in-endava-plc-securities-class-action—contact-suewallst-302895642.html

SOURCE SueWallSt.com