Dave(DAVE) Prnewswire·2025-01-04 05:54Legal 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]