NEW YORK, Jan. 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces 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 ...

Legal Investigation and Shareholder Impact - Rosen Law Firm is investigating potential securities claims on behalf of Dave Inc (NASDAQ: DAVE) shareholders due to allegations of materially misleading business information [1] - Shareholders who purchased Dave securities may be entitled to compensation through a contingency fee arrangement without out-of-pocket costs [2] - Dave's share price fell approximately 8% on December 31, 2024, following news of the investigation [4] Regulatory Action Against Dave Inc - The Justice Department and FTC announced a civil enforcement action against Dave Inc and its CEO Jason Wilk on November 12, 2024, for alleged violations of the FTC Act and ROSCA [3] - The lawsuit alleges deceptive advertising of cash advances, hidden fees, misrepresentation of customer tip usage, and recurring monthly fees without a simple cancellation mechanism [3] Rosen Law Firm's Credentials - Rosen Law Firm specializes in securities class actions and shareholder derivative litigation, with a global investor client base [5] - The firm achieved the largest securities class action settlement against a Chinese company and ranked No 1 by ISS Securities Class Action Services in 2017 [5] - Rosen Law Firm has consistently ranked in the top 4 for securities class action settlements since 2013 and secured over $438 million for investors in 2019 [5]

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Dave INC. regarding potential securities fraud or unlawful business practices by the Company and its officers [1] - The U.S. Federal Trade Commission filed a complaint against Dave in November 2024, alleging misleading marketing and undisclosed fees related to its cash advance app [2] - An amended complaint was filed by the U.S. Department of Justice on behalf of the FTC, claiming that Dave advertised cash advances of up to $500 that many users never receive, seeking consumer redress and civil penalties [2] Group 2 - Following the news of the complaints, Dave's stock price experienced a significant decline during intraday trading on December 31, 2024 [3]

The Federal Trade Commission (FTC) has referred its previously announced federal court case against online cash advance firm Dave to the Department of Justice (DOJ).The DOJ, in turn, has filed an amended complaint that names the company’s CEO, Jason Wilk, as a defendant and seeks civil penalties, the FTC said in a Monday (Dec. 30) press release.The complaint filed by the DOJ amends and replaces the one filed by the FTC in November, which named only the company as a defendant and did not seek civil penalties ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm.It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los Angeles conference for micro-cap stocks, where he pitched investors on tiny $5,000 stakes in his firm."I'm not going to lie, this was probably the hardest time of my life," Wilk told CNBC. "To go from being a $5 billion company to $ ...

DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it welcomes back Steve Klohn as Chief Information Officer, who will rejoin the Company after recent changes. Steve left the Company earlier this year after spending a combined 8 years with Main Event and Dave & Buster’s. “I am thrilled to welcome back Steve Klohn as Chief Information Officer,” said  ...

DALLAS, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced an increase to the Company’s share repurchase authorization. On December 16, 2024, the Company’s Board of Directors authorized the repurchase of an additional $100 million of the Company’s stock under the existing repurchase program. All other terms of the share repurchase program remain in effect. About ...

Dave Inc. (DAVE) stock has shown outstanding growth over the past six months. The stock has skyrocketed 142.4%, outperforming the 50.3% rally of the industry and 11.5% growth of the Zacks S&P 500 composite.DAVE’s performance is significantly higher than that of its competitors, Encore Capital Group, Inc. (ECPG) and NerdWallet, Inc. (NRDS) . ECPG has gained 19.6%, and there has been a marginal rise in NRDS over the past six months.Six Months' Price Performance Image Source: Zacks Investment Research As of th ...

Dave & Buster's Entertainment TodayPLAYDave & Buster's Entertainment$27.48 +1.99 (+7.81%) 52-Week Range$25.00▼$69.82P/E Ratio13.60Price Target$53.38Add to WatchlistAfter years of struggling to gain traction, Dave & Buster’s NASDAQ: PLAY has the opportunity to reinvigorate the business with a new CEO. Former CEO Chris Morris’ surprise departure clouds the outlook and increases uncertainty about execution, but a good choice can put that to rest. The board says it's been looking for a successor, so it may tak ...