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DAVE Investors Have Opportunity to Join Dave Inc. Securities Fraud Investigation with the Schall Law Firm
DAVEDave(DAVE) Prnewswire·2025-01-10 06:38

Core Viewpoint - The Schall Law Firm is investigating claims against Dave Inc. for potential violations of securities laws, particularly in light of a civil enforcement action by the DOJ and FTC regarding misleading advertising and hidden fees [1][2]. Group 1: Investigation Details - The investigation centers on whether Dave Inc. made false or misleading statements and failed to disclose important information to investors [2]. - The DOJ and FTC's civil enforcement action, announced on December 30, 2024, alleges that Dave Inc. and its CEO Jason Wilk violated the FTC Act and the Restore Online Shoppers' Confidence Act (ROSCA) [2]. Group 2: Allegations Against the Company - The government's lawsuit claims that Dave Inc. misled consumers through deceptive advertising related to cash advances and imposed hidden fees [2].