Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Driven Brands Holdings Inc. due to material errors in the company's financial statements, which may allow for recovery of investor losses under federal securities laws [1][3][5]. Group 1: Investigation Details - The investigation focuses on whether Driven Brands' executive officers are liable for the losses incurred by investors [1][5]. - Driven Brands disclosed that its Audit Committee found material errors in previously issued consolidated financial statements for the fiscal years ended December 30, 2023, and December 28, 2024, as well as in unaudited condensed consolidated financial statements for various quarterly periods [3][4]. - The company stated that these financial statements should no longer be relied upon and will require restatement, indicating ongoing reviews may identify further material errors [3][4]. Group 2: Market Reaction - Following the disclosure of the financial statement errors, Driven Brands' shares declined more than 30% in pre-market trading on February 25, 2026 [4]. Group 3: Company Background - Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm that represents individual and institutional investors in securities class action lawsuits [5]. - The firm has been recognized among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services in 2024, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [6].
Driven Brands Holdings Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses