Dave(DAVE) Prnewswire·2025-03-14 22:00Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Dave Inc. due to allegations of misleading business information issued by the company [1] Group 1: Legal Actions and Allegations - The Justice Department and the Federal Trade Commission announced a civil enforcement action against Dave Inc. and its CEO Jason Wilk for alleged violations of the FTC Act and the Restore Online Shoppers' Confidence Act [3] - The lawsuit claims that Dave misled consumers through deceptive advertising of cash advances, hidden fees, misrepresentation of customer tips usage, and recurring monthly fees without an easy cancellation mechanism [3] Group 2: Market Reaction - Following the announcement of the lawsuit, Dave's share price fell by 8% on December 31, 2024 [4] Group 3: Class Action Information - Investors who purchased Dave securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 4: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and being ranked highly in the field since 2013 [5] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [5]