Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Dave Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Why Is Dave Inc. (DAVE) Under Investigation?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Dave Inc. (“Dave” or “the Company”) (NASDAQ: DAVE). Investors who purchased Dave securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Dave has violated federal securities laws.
What Potential Securities Violations Is BG&G Investigating?
On December 30, 2024, the Justice Department, together 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, for alleged violations of the FTC Act and the Restore Online Shoppers’ Confidence Act (“ROSCA”). The government’s lawsuit alleges that the defendants misled consumers by deceptively advertising Dave’s cash advances, charging hidden fees, misrepresenting how Dave uses customers’ tips, and charging recurring monthly fees without providing a simple mechanism to cancel them. Following this news, Dave’s stock dropped close to 8% on December 31, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Dave securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
How Is Dave Inc. (NASDAQ: DAVE) Stock Trading Today?
How Does BG&G Help Investors in Securities Fraud Investigations?
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”