Data News > Stock News: Dave Inc. Faces Investigations and Lawsuits Over Allegations
- Pomerantz Law Firm investigating claims on behalf of Dave Inc. investors
- Kehoe Law Firm investigating potential class action securities claims against Dave Inc.
- Rosen Law Firm announces investigation of potential securities claims for Dave Inc. shareholders
- Dave Inc. faces lawsuit from Department of Justice after FTC complaint
- Shares of Dave Inc. drop 9% after FTC complaint goes to federal court
Pomerantz LLP, Kehoe Law Firm, P.C., and Rosen Law Firm are all investigating potential securities claims on behalf of investors of Dave Inc. (NASDAQ: DAVE). The Department of Justice filed an amended complaint in its lawsuit against Dave Inc., following allegations made by the Federal Trade Commission (FTC). The lawsuit includes claims for civil money penalties and names Jason Wilk, Founder and CEO of Dave, as a defendant.
As a result of the FTC complaint being referred to the DOJ and subsequently filed in federal court, shares of Dave Inc. (DAVE) dropped 9% on Tuesday. The online bank has updated its fee structure in response to the allegations, but the amendments made in the lawsuit have not changed the substance of the allegations. The company believes the amended complaint is an example of government overreach and includes numerous allegations based on inaccuracies.
Investors of Dave Inc. are urged to contact the investigating law firms to inquire about potential compensation without payment of any out-of-pocket fees. The stock market reacted to the news of the lawsuit, with U.S. stock futures gaining more than 100 points on Tuesday. Dave Inc. issues a statement in response to the amended complaint, providing updates on the new fee structure called ExtraCash.
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Stock News: Dave Inc. Faces Investigations and Lawsuits Over Allegations
By KlickAnalytics Data Insights | December 31, 2024 08:03PM ET
Key Points
- Pomerantz Law Firm investigating claims on behalf of Dave Inc. investors
- Kehoe Law Firm investigating potential class action securities claims against Dave Inc.
- Rosen Law Firm announces investigation of potential securities claims for Dave Inc. shareholders
- Dave Inc. faces lawsuit from Department of Justice after FTC complaint
- Shares of Dave Inc. drop 9% after FTC complaint goes to federal court
Pomerantz LLP, Kehoe Law Firm, P.C., and Rosen Law Firm are all investigating potential securities claims on behalf of investors of Dave Inc. (NASDAQ: DAVE). The Department of Justice filed an amended complaint in its lawsuit against Dave Inc., following allegations made by the Federal Trade Commission (FTC). The lawsuit includes claims for civil money penalties and names Jason Wilk, Founder and CEO of Dave, as a defendant.
As a result of the FTC complaint being referred to the DOJ and subsequently filed in federal court, shares of Dave Inc. (DAVE) dropped 9% on Tuesday. The online bank has updated its fee structure in response to the allegations, but the amendments made in the lawsuit have not changed the substance of the allegations. The company believes the amended complaint is an example of government overreach and includes numerous allegations based on inaccuracies.
Investors of Dave Inc. are urged to contact the investigating law firms to inquire about potential compensation without payment of any out-of-pocket fees. The stock market reacted to the news of the lawsuit, with U.S. stock futures gaining more than 100 points on Tuesday. Dave Inc. issues a statement in response to the amended complaint, providing updates on the new fee structure called ExtraCash.
For more information:
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