{"id":1019179,"date":"2026-11-09T18:40:46","date_gmt":"2026-11-09T23:40:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/"},"modified":"2026-11-09T18:40:46","modified_gmt":"2026-11-09T23:40:46","slug":"lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/","title":{"rendered":"Lowey Dannenberg, P.C. is Investigating Dave, Inc. (NASDAQ: DAVE) for Potential Violations of the Federal Securities Laws"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  09, 2026  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Dave, Inc. (NASDAQ: DAVE) (\u201cDave\u201d or the \u201cCompany\u201d) for potential violations of the federal securities laws.<\/p>\n<p align=\"justify\">On November 4, 2026, Dave filed its Quarterly Report on Form 10-Q with the SEC, disclosing that it had received inquiries and subpoenas from regulators and state Attorneys General in Connecticut, Maryland, and New York. These include licensing inquiries from the Connecticut and Maryland banking regulators, a subpoena from the Maryland Attorney General \u201crequesting information regarding any earned wage access and related products that we offer in the state of Maryland,\u201d and subpoenas from the New York State Department of Financial Services and the New York Attorney General concerning Dave\u2019s marketing, advertising practices, fees, terms and conditions, and consumer communications. The Company warned that \u201cthe defense or resolution of these matters could involve significant monetary costs or penalties and have a significant impact on our financial results and operations.\u201d The investigation concerns whether Dave and its officers and\/or directors made false and\/or misleading statements and\/or failed to disclose the regulatory risks associated with its earned wage access products, fees, and marketing practices, and whether the Company had a reasonable basis for its positive statements about its business, regulatory compliance, and prospects.<\/p>\n<p align=\"justify\">Following this news, the price of Dave stock fell $60.88 per share, or approximately 18.1%, from a close of $336.22 per share on November 4, 2026 to close at $275.34 per share on November 5, 2026, causing losses to shareholders.<\/p>\n<p align=\"justify\">\u201cOur investigation concerns whether the company and its executives provided investors with accurate and complete information about the company,\u201d said attorney Andrea Farah, Lowey Dannenberg, P.C. partner and head of the firm\u2019s securities practice.<\/p>\n<p align=\"justify\">If you suffered a loss in Dave securities, and wish to participate, or learn more about your eligibility, contact our attorneys Andrea Farah (afarah@lowey.com) at (914) 733-7256 or Vincent R. Cappucci Jr. (vcappucci@lowey.com) at (914) 733-7278.<\/p>\n<p>About Lowey Dannenberg<\/p>\n<p align=\"justify\">Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.<\/p>\n<p>Contact<\/p>\n<p>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7256<br \/>Email: investigations@lowey.com<\/p>\n<p>SOURCE: Lowey Dannenberg<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MzgwMiM3OTU1NDIxIzIxOTQ1MzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2Y1ZGY2N2EtNDIxNS00YTIyLWFmODktM2FmZDNkMDJmN2Q1LTEyMDYwODctMjAyNi0xMS0wOS1lbg==\/tiny\/Lowey-Dannenberg-P-C-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 09, 2026 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Dave, Inc. (NASDAQ: DAVE) (\u201cDave\u201d or the \u201cCompany\u201d) for potential violations of the federal securities laws. On November 4, 2026, Dave filed its Quarterly Report on Form 10-Q with the SEC, disclosing that it had received inquiries and subpoenas from regulators and state Attorneys General in Connecticut, Maryland, and New York. These include licensing inquiries from the Connecticut and Maryland banking regulators, a subpoena from the Maryland Attorney General \u201crequesting information regarding any earned wage access and related products that we offer in the state of Maryland,\u201d and subpoenas from the New York State Department of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lowey Dannenberg, P.C. is Investigating Dave, Inc. (NASDAQ: DAVE) for Potential Violations of the Federal Securities Laws&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1019179","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lowey Dannenberg, P.C. is Investigating Dave, Inc. (NASDAQ: DAVE) for Potential Violations of the Federal Securities Laws - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lowey Dannenberg, P.C. is Investigating Dave, Inc. (NASDAQ: DAVE) for Potential Violations of the Federal Securities Laws - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 09, 2026 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Dave, Inc. (NASDAQ: DAVE) (\u201cDave\u201d or the \u201cCompany\u201d) for potential violations of the federal securities laws. On November 4, 2026, Dave filed its Quarterly Report on Form 10-Q with the SEC, disclosing that it had received inquiries and subpoenas from regulators and state Attorneys General in Connecticut, Maryland, and New York. These include licensing inquiries from the Connecticut and Maryland banking regulators, a subpoena from the Maryland Attorney General \u201crequesting information regarding any earned wage access and related products that we offer in the state of Maryland,\u201d and subpoenas from the New York State Department of &hellip; Continue reading &quot;Lowey Dannenberg, P.C. is Investigating Dave, Inc. 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On November 4, 2026, Dave filed its Quarterly Report on Form 10-Q with the SEC, disclosing that it had received inquiries and subpoenas from regulators and state Attorneys General in Connecticut, Maryland, and New York. These include licensing inquiries from the Connecticut and Maryland banking regulators, a subpoena from the Maryland Attorney General \u201crequesting information regarding any earned wage access and related products that we offer in the state of Maryland,\u201d and subpoenas from the New York State Department of &hellip; Continue reading \"Lowey Dannenberg, P.C. is Investigating Dave, Inc. (NASDAQ: DAVE) for Potential Violations of the Federal Securities Laws\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-09T23:40:46+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MzgwMiM3OTU1NDIxIzIxOTQ1MzQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-p-c-is-investigating-dave-inc-nasdaq-dave-for-potential-violations-of-the-federal-securities-laws\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lowey Dannenberg, P.C. is Investigating Dave, Inc. 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