StockNews.AI
DAVE
StockNews.AI
158 days

DAVE Announcement: Rosen Law Firm Encourages Dave Inc. Investors to Inquire About Securities Class Action Investigation - DAVE

1. Rosen Law Firm investigates claims against DAVE for misleading business information. 2. Shareholders may join a class action for compensation without upfront fees. 3. DAVE faces a lawsuit from the Justice Department and FTC for misleading practices. 4. The share price fell 8% following negative news about DAVE's practices. 5. Rosen Law has a strong track record in securities class actions.

5m saved
Insight
Article

FAQ

Why Bearish?

The ongoing lawsuit and investigation suggest financial and reputational risks, which historically lead to price declines.

How important is it?

Legal issues can significantly impact a company's market perception and stock price stability.

Why Short Term?

The current legal troubles and class action could immediately affect investor sentiment and share price.

Related Companies

SPCELYFTUBER
NEW YORK, March 14, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues an investigation of potential securities claims on behalf of shareholders of Dave Inc. (NASDAQ: DAVE) resulting 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 payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=32893 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. What is this about: On November 12, 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's share price fell 8% on December 31, 2024. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys 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: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq.Phillip Kim, Esq.The Rosen Law Firm, P.A.275 Madison Avenue, 40th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827[email protected]www.rosenlegal.com SOURCE THE ROSEN LAW FIRM, P. A.

Related News