New York, NY – [05/02/2025] – 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). The investigation arises from allegations that Dave Inc. may have issued materially misleading business information to the investing public.

What Investors Need to Know:

Investors who purchased Dave securities may be entitled to compensation without any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses.

Background of the Investigation:

On November 12, 2024, the U.S. Department of Justice, in conjunction with the Federal Trade Commission (FTC), announced a civil enforcement action against Dave Inc. and its co-founder, President, Chief Executive Officer, and Chairman of the Board of Directors, Jason Wilk. The lawsuit alleges that the defendants misled consumers by:

• Deceptively advertising Dave’s cash advances,
• Charging hidden fees,
• Misrepresenting the use of customer tips,
• Imposing recurring monthly fees without providing a straightforward cancellation mechanism.

Following this news, Dave Inc.’s share price dropped 8% on December 31, 2024, negatively impacting investors.

Next Steps for Investors:

To join the prospective class action, investors can visit https://rosenlegal.com/submit-form/?case_id=32893 or contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email at case@rosenlegal.com for more information.

Why Choose Rosen Law Firm?

Investors should seek representation from qualified legal counsel with a proven track record. Rosen Law Firm stands out due to its:

• Extensive experience in securities class actions,
• Recognition for securing substantial settlements, including the largest-ever securities class action settlement against a Chinese company at the time,
• No. 1 ranking by ISS Securities Class Action Services for the number of securities class action settlements in 2017,
• Recovery of hundreds of millions of dollars for investors, including securing over $438 million in 2019 alone.

Rosen Law Firm’s attorneys have been recognized by Lawdragon, Super Lawyers, and Law360’s Titans of Plaintiffs’ Bar.

About Rosen Law Firm:

Rosen Law Firm represents investors worldwide, specializing in securities class actions and shareholder derivative litigation. The firm is committed to protecting investor rights and ensuring corporate accountability.

Media Contact: Phillip Kim, Esq.
Rosen Law Firm
Tel: 866-767-3653
Email: case@rosenlegal.com
Website: www.rosenlegal.com

Disclaimer:

Past results do not guarantee future outcomes. This press release is for informational purposes only and should not be considered legal advice.