Driven Brands (US:DRVN) Prnewswire·2026-03-12 08:29Core Viewpoint - Driven Brands Holdings Inc. is facing a class action lawsuit for alleged violations of securities laws, specifically for making false and misleading statements regarding its financial performance and accounting practices [1]. Group 1: Lawsuit Details - The class action lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - The class period for the lawsuit is from May 9, 2023, to February 24, 2026, with a deadline for participation set for May 8, 2026 [1]. - The complaint alleges that Driven Brands made numerous accounting errors, including overstating revenue and cash while understating supply and other expenses [1]. Group 2: Financial Misstatements - The company's consolidated balance sheet as of December 28, 2024, and September 27, 2025, contained significant errors that misled investors [1]. - Driven Brands' public statements throughout the class period were deemed false and materially misleading based on the identified accounting errors [1]. Group 3: Investor Participation - Shareholders who purchased shares during the class period and suffered losses are encouraged to contact the DJS Law Group for potential recovery [1]. - Appointment as lead plaintiff is not a requirement for participation in the recovery process [1].