Endava Faces Securities Class Action Over Accounting Disclosures
Endava is the subject of a class action lawsuit following a 25% share price drop sparked by an internal accounting investigation and the suspension of its CFO.
Endava plc is facing a securities class action lawsuit filed by investors following disclosures regarding internal accounting issues and the administrative leave of its Chief Financial Officer, Mark Thurston, on September 21, 2026. The litigation covers shareholders who acquired securities between September 4, 2025, and September 21, 2026.
The investigation, led by the law firm Hagens Berman, centers on whether the company misled investors regarding the accuracy of its financial statements and the effectiveness of its internal controls. The market impact was severe, as Endava shares fell by more than 25% in a single day after the company revealed that outside auditors had raised concerns over the accounting treatment of specific customer and supplier agreements.
In addition to the accounting investigation, the complaint questions whether the company's public assertions regarding its growth strategy were substantiated by its financial reality. With the release of Q4 and full-year 2026 results delayed, investors are being invited to join the class action as lead plaintiffs ahead of the November 30, 2026 deadline.