New York, New York–(Newsfile Corp. – January 4, 2025)– Why: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Dave Inc. (NASDAQ: DAVE) resulting from allegations that Dave may have issued materially misleading trading information to the investing public.
so what: If you purchase Dave Securities, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit seeking to recover investors' losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=32893 or contact Phillip Kim, Esq. Toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
What is this about: On November 12, 2024, the Department of Justice, in cooperation with the Federal Trade Commission (FTC), announced a civil enforcement action against Dave Inc. and its co-founder, President, CEO and Chairman of the Board, Jason Wilke. , for alleged violations of the Federal Trade Commission (FTC) and the Restoring Online Shopper Confidence Act (ROSCA). The government's lawsuit alleges that the defendants misled consumers by deceptively advertising Dave's cash advances, charging hidden fees, misrepresenting how Dave used customer tips, and charging recurring monthly fees without providing a simple mechanism for canceling them.
Based on this news, Dave's stock price fell approximately 8% on December 31, 2024.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these companies do not file securities class actions. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of 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 raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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