ROSEN, LEAD INVESTOR ADVISOR, encourages Dave Inc. investors to inquire about the securities class action investigation

New York, New York–(Newsfile Corp. – January 4, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities lawsuits on behalf of Dave Inc. shareholders. (NASDAQ: DAVE) arising from allegations that Dave may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Dave securities, you may be entitled to compensation without paying any fees or out-of-pocket expenses through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit seeking the return of investors’ losses.

WHAT TO DO NEXT: To join a possible class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=32893 or call Phillip Kim, Esq. toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.

WHAT IT IS ABOUT: On November 12, 2024, the Department of Justice, along with the Federal Trade Commission (FTC), announced a civil enforcement action against Dave Inc. and its co-founder, president, chief executive officer and chairman of the board, Jason Wilk, for alleged violations of the FTC Act and the Restoring Online Consumer Confidence Act (ROSCA). The government’s lawsuit alleges that the defendants deceived consumers by falsely advertising Dave’s cash advances, charging hidden fees, misrepresenting how Dave used customers’ tips and charging recurring monthly fees without providing an easy mechanism to cancel them.

Following this news, Dave’s stock price fell approximately 8% on December 31, 2024.

WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in successful leadership roles. Often the companies issuing the notices do not have comparable experience, resources or any significant recognition from their peers. Many of these companies do not actually initiate securities class action lawsuits. Be wise in choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and equity derivative litigation. The Rosen Law Firm secured the largest securities class action settlement to date against a Chinese company at the time. The Rosen Law Firm is ranked #1 by ISS Securities Class Action (WA:) Services for numerous securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured more than $438 million for investors. In 2020, founding partner Laurence Rosen was named a Law360 Claimant Bar Association Titan. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https:/ /www.facebook.com/rosenlawfirm/.

Advertising of lawyers. Previous results do not guarantee a similar outcome.

——————————–

To view the original version of this press release, visit https://www.newsfilecorp.com/release/236056