Rosen Law Firm Investigates Potential Securities Claims for Dave Inc. Shareholders
NEW YORK, April 6, 2025 – The Rosen Law Firm, recognized globally for its focus on investor rights, is undertaking an investigation into possible securities claims regarding shareholders of Dave Inc. (NASDAQ: DAVE). This action arises from serious allegations that the company may have disseminated materially misleading business information to the public.
Investor Implications
If you are a current or former investor in Dave Inc., you might be eligible for compensation. The Rosen Law Firm works on a contingency basis, meaning you will not incur any out-of-pocket expenses through this potential class action for recovering investor losses.
Join the Class Action
To become part of this prospective class action, individuals are encouraged to visit this link, or contact Phillip Kim, Esq., toll-free at 866-767-3653, or via email at ca**@********al.com for further details.
Background of the Investigation
The investigation stems from a civil enforcement action announced on December 30, 2024, by the Justice Department and the Federal Trade Commission (FTC) against Dave Inc. and its co-founder and CEO, Jason Wilk. The allegations include multiple violations of the FTC Act and the Restore Online Shoppers’ Confidence Act (ROSCA). The lawsuit claims that the defendants misled consumers concerning their cash advance offerings, imposed hidden fees, misrepresented the use of customer tips, and instituted recurring monthly fees without providing a clear cancellation mechanism.
Following this announcement, shares of Dave Inc. experienced a notable decline, dropping 8% on December 31, 2024.
Why Choose Rosen Law Firm?
Selecting competent legal representation is crucial in securities class actions. The Rosen Law Firm boasts a strong history of success, particularly in leading roles within complex securities litigation. Unlike many firms that merely issue notices, Rosen Law Firm actively litigates these cases and has a proven track record recognized by peers and industry leaders. They achieved a landmark settlement for securities class actions against a Chinese company and have consistently ranked among the top firms for securities class action recoveries since 2013. In 2019 alone, they secured over $438 million for investors, further establishing their reputation for effectiveness and integrity in this specialized legal field.
Contact Information
For inquiries or to discuss your eligibility for the class action, contact:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
Email: ca**@********al.com
Website: www.rosenlegal.com
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