INVESTOR DEADLINE: Driven Brands Holdings Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces

Core Viewpoint - Driven Brands Holdings Inc. is facing a class action lawsuit due to allegations of misleading financial statements and internal control failures, which resulted in significant investor losses [1] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Clark v. Driven Brands Holdings Inc. and allows investors who purchased shares between May 9, 2023, and February 24, 2026, to seek lead plaintiff status by May 8, 2026 [1] - Allegations include errors in lease recording, cash balance reporting, and misclassification of expenses, which led to overstatements of cash and revenue for fiscal years 2023 and 2024 [1] - On February 25, 2026, Driven Brands disclosed material errors in its financial statements for fiscal years 2023 and 2024, leading to a nearly 40% drop in stock price [1] Group 2: Financial Misstatements - Specific allegations include errors in right of use assets and liabilities, cash flow reporting, and misclassification of expenses related to company-operated stores [1] - The lawsuit claims that these misstatements affected the consolidated balance sheet and income statement, necessitating a restatement of financial results [1] Group 3: Legal Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [1] - The firm has a strong track record, recovering $8.4 billion for investors over the past five years, including the largest securities class action recovery in history [1]