ATLANTA, Jan. 08, 2025 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC is investigating whether Dave Inc. (“Dave” or the “Company”) (NASDAQ: DAVE) complied with federal securities laws. On December 30, 2024, the Justice Department (“DOJ”) announced that it had filed an amended complaint against the Company on behalf of the Federal Trade Commission. As explained by the DOJ, the lawsuit alleges “that the [D]efendants 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 announcement, the price of the Company’s stock dropped.
If you purchased Dave stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/dave/ to discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]
