Endava plc faces class action lawsuit over accounting concerns
A securities class action lawsuit has been filed against Endava plc following an accounting investigation and the departure of its chief financial officer.
Endava plc shares dropped more than 24% in September 2026 after the company announced that CFO Mark Thurston had been placed on administrative leave. The move followed an internal investigation initiated after external auditors raised concerns regarding the accounting treatment of specific customer and supplier contracts.
The class action lawsuit alleges that between September 2025 and September 2026, the company issued misleading statements regarding its business operations and internal controls. The complaint asserts that these lapses necessitated a review of financial reporting and caused a delay in the release of the company's 2026 annual financial results.
The Law Offices of Frank R. Cruz is representing investors who purchased securities during the specified period. Interested parties seeking to be appointed as lead plaintiff must file the necessary motions with the U.S. District Court for the Southern District of New York by the November 30, 2026, deadline.