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Dave Inc. Company Investigated by the Portnoy Law Firm

1. Portnoy Law Firm investigates potential securities fraud against Dave Inc. 2. Class action may be filed for investors who lost money. 3. Dave's stock dropped 8% following FTC allegations of deceptive practices. 4. Lawsuit accuses Dave of misleading advertising and hidden fees. 5. Founding partner recovered over $5.5 billion for investors in the past.

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FAQ

Why Very Bearish?

Allegations of fraud and deceptive practices can severely impact investor confidence.

How important is it?

Ongoing legal issues can directly affect investor sentiment and stock performance.

Why Short Term?

Immediate legal actions and public sentiment likely to affect stock price quickly.

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DAVE
Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Dave Inc. (“Dave” or “the Company”) (NASDAQ: DAVE) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Dave investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses. On November 12, 2024, the U.S. Department of Justice, in collaboration with the Federal Trade Commission (FTC), initiated a civil enforcement action against Dave Inc. and its co-founder, Jason Wilk, who also serves as the company’s President, CEO, and Chairman of the Board of Directors. The action alleges that the defendants violated the FTC Act and the Restore Online Shoppers' Confidence Act (ROSCA). According to the lawsuit, Dave Inc. misled consumers through deceptive advertising of its cash advance services, imposed hidden fees, falsely represented the use of customer tips, and charged recurring monthly fees without offering an easy way for users to cancel them. As a result of this news, Dave’s stock price dropped by 8% on December 31, 2024. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq.Admitted CA, NY and TX Barslesley@portnoylaw.com310-692-8883www.portnoylaw.com Attorney Advertising

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