DAVE Announcement: Rosen Law Firm Encourages Dave Inc. Investors to Inquire About Securities Class Action Investigation - DAVE
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Rosen Law Firm is investigating potential securities claims against Dave Inc. (NASDAQ: DAVE) after the Justice Department and FTC filed a civil enforcement action alleging deceptive business practices. The lawsuit claims Dave misled consumers through cash advance advertising, hidden fees, and improper tip and subscription handling. The company's stock dropped 8% following the news on December 31, 2024.
March 21, 2025 | 7:15 pm
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The FTC's civil enforcement action against Dave Inc. alleges multiple violations including misleading advertising, hidden fees, and improper subscription practices, which could result in significant legal and financial consequences.
The FTC lawsuit directly targets Dave Inc.'s business practices, which could lead to financial penalties, reputational damage, and potential loss of consumer trust. The 8% stock price drop indicates market sensitivity to these allegations.
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