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Bragar Eagel & Squire, P.C. Is Investigating Sezzle and Dave and Encourages Investors to Contact the Firm

1. Dave, Inc. faces lawsuit by the Justice Department and FTC. 2. Allegations include deceptive cash advance advertising and hidden fees. 3. Dave stock dropped over 10% after the news broke. 4. Investigation by Bragar Eagel & Squire involves potential securities law violations.

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FAQ

Why Very Bearish?

Legal issues often lead to significant stock price declines, as seen in past cases such as LendingClub, which faced similar investigations.

How important is it?

The lawsuits' implications may severely impact Dave's operational capabilities and financial health.

Why Short Term?

Investigation outcomes can quickly influence investor sentiment and stock value.

Related Companies

SEZLDAVE
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Sezzle Inc. (NASDAQ: SEZL) and Dave, Inc. (NASDAQ: DAVE). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. Sezzle Inc. (NASDAQ: SEZL) On December 18, 2024, Hindenburg Research published a report alleging, among other things, that: “Sezzle seems to be boosting its near-term subscription numbers with sketchy enrollment practices. The company has faced numerous customer complaints for enrolling users into recurring monthly subscriptions without their awareness, according to user complaints and the company’s own FAQ.”  Following this report, the price of the Company’s stock dropped.  For more information on the Sezzle investigation go to: https://bespc.com/cases/SEZL Dave, Inc. (NASDAQ: DAVE) On December 30, 2024, the Justice Department, together 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 of Directors, Jason Wilk, for alleged violations of the FTC Act and the Restore Online Shoppers’ 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 uses customers’ tips and charging recurring monthly fees without providing a simple mechanism to cancel them. On this news, Dave shares opened at $84.00 on December 31, 2024, representing a drop of over 10% from the day before. For more information on the Dave investigation go to: https://bespc.com/cases/DAVE About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq. Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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