Core Viewpoint - A Federal Court has ruled that allegations of securities fraud against Driven Brands Holdings Inc. and certain officers are sufficiently pleaded, allowing the case to proceed [1][4]. Group 1: Allegations and Legal Proceedings - The securities fraud class action complaint claims that Driven Brands and its officers made materially false and misleading statements regarding the company's ability to integrate acquired businesses and the performance of its car wash segment [3]. - The court's decision on February 20, 2025, confirmed that the allegations were adequately pleaded, surviving the defendants' motion to dismiss [4]. Group 2: Shareholder Actions - Current shareholders of Driven Brands who held shares since before October 27, 2021, can pursue corporate reforms, seek the return of funds to the company, and obtain a court-approved incentive award at no cost [2][5].
Driven Brands Holdings Inc. (NASDAQ: DRVN) Long-Term Shareholder Alert: Grabar Law Investigates Claims on Your Behalf as Securities Fraud Class Action Survives Motion to Dismiss