Cision PR Newswire
MOORE LAW PLLC ENCOURAGES DAVE INC. INVESTORS TO CONTACT LAW FIRM
NEW YORK, Jan. 9, 2025 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:
- DAVE INC. (NASDAQ: DAVE)
Dave Inc. is a financial services company that provides digital banking services, including cash advances, budgeting tools, and side hustle job applications. Dave's headquarters are in Los Angeles, California.
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.
On this news, Dave shares opened at $84.00 on December 31, 2024, representing a drop of over 10% from the day before.
If you own DAVE shares, you are encouraged to contact us at fletcher@fmoorelaw.com or call (212) 709-8245.
You may be able to seek damages, corporate reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff contingency litigation law firm for investors. We have extensive experience representing shareholders. We hold officers and directors accountable for breaches of fiduciary duty, fraud, insider trading, wasteful spending, and other corporate misconduct. Our individual clients do not pay for our investor litigation services. There is no cost to you ever.
MOORE LAW PLLC
Fletcher Moore, Esq.
(212) 709-8245
fletcher@fmoorelaw.com
Fmoorelaw.com
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SOURCE Moore Law PLLC
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