SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Dave Inc. - DAVE

NEW YORK, Jan. 2, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Dave INC. ("Dave" or the "Company") (NASDAQ: DAVE).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Dave and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

In November 2024, the United States ("U.S.") Federal Trade Commission ("FTC") filed a complaint against Dave, alleging that the Company's marketing misled consumers and that Dave's cash advance app charged undisclosed fees.  Then, during post-market hours on December 30, 2024, it was announced that the U.S. Department of Justice ("DOJ"), on behalf of the FTC, filed an amended complaint against the Company, alleging that Dave lured users to its personal finance app by advertising cash advances of up to $500 that many never receive.  According to the DOJ, the amended complaint seeks unspecified amounts of consumer redress and monetary civil penalties from the defendants and a permanent injunction to prohibit them from engaging in future violations.  

On this news, Dave's stock price fell sharply during intraday trading on December 31, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP