Dave(DAVE) Prnewswire·2025-02-04 20:55Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Dave INC. following allegations from the FTC and DOJ regarding misleading marketing and undisclosed fees associated with its cash advance app [1][2]. Group 1: Legal Investigations - The FTC filed a complaint against Dave in November 2024, alleging misleading marketing practices and undisclosed fees related to its cash advance app [2]. - An amended complaint was filed by the DOJ on December 30, 2024, claiming that Dave advertised cash advances of up to $500 that many users did not receive, seeking consumer redress and civil penalties [2]. Group 2: Market Reaction - Following the news of the legal complaints, Dave's stock price experienced a significant decline during intraday trading on December 31, 2024 [3].