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. 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
