#United States #New York #Rosen Law Firm #Securities Class Action #Dave Inc.

Rosen Law Firm Launches Investigation into Dave Inc.

On March 21, 2025, the Rosen Law Firm, known globally for its commitment to investor rights, announced an ongoing investigation into potential securities claims that may impact shareholders of Dave Inc. (NASDAQ: DAVE). The firm is particularly focused on allegations that the company may have provided misleading information regarding its business practices to the public.

Background of the Investigation

The impetus for this inquiry stems from a civil enforcement action announced on November 12, 2024, by the U.S. Department of Justice and the Federal Trade Commission (FTC). The lawsuit targeted both Dave Inc. and its co-founder, Jason Wilk, for purported violations including deceptive advertising and hidden fees associated with their cash advances. This legal action has raised significant questions regarding the integrity of the information disclosed to investors and its implications on the financial market. Following this announcement, shares of Dave experienced a notable decline, dropping by 8% on December 31, 2024.

What This Means for Investors

For individuals who purchased shares of Dave, this investigation may present an avenue for recourse. Rosen Law Firm encourages affected investors to consider participating in a class action that seeks to recover losses incurred due to these allegations. Importantly, potential plaintiffs may join the class action without incurring out-of-pocket expenses, as the firm operates on a contingency fee basis. Interested investors can find more information and submit their claims through the firm’s dedicated webpage or by contacting Phillip Kim, Esq., via phone or email.

A Record of Success

Rosen Law Firm has earned a reputation for successfully representing investors around the world, particularly in securities class action lawsuits. Among their significant achievements, the firm reached the largest settlement against a Chinese company at the time and has consistently ranked as a top firm in terms of securities class action settlements since 2013. Their dedication to investor rights is further exemplified by the substantial recoveries they have obtained for their clients, which exceeded $438 million in 2019 alone.

For investors contemplating their next steps, the firm emphasizes the importance of selecting counsel with a successful track record. Many law firms that announce class action investigations may lack adequate resources or experience to effectively litigate these cases. Thus, the Rosen Law Firm’s distinguished history in this arena makes it a prime option for those seeking legal representation.

Stay Updated

Investors are encouraged to follow the latest updates regarding the case via the Rosen Law Firm's social media channels on LinkedIn, Twitter, and Facebook to ensure they remain informed about important developments pertaining to their investments.

In conclusion, if you have invested in Dave Inc. and believe you may have been misled, now is the time to act. Participating in this class action could provide critical support to recover your losses and ensure accountability in corporate governance. Act swiftly, as timing is crucial in legal matters.

For more detailed guidance, visit the firm’s website or reach out directly—your investment rights could rely on it.