Philadelphia, Pennsylvania--(Newsfile Corp. - March 24, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") on behalf of investors who purchased or acquired Driven Brands shares during the period from May 9, 2023 through February 24, 2026 (the "Class Period").Investor Deadline: Investors who purchased or acquired Driven Brands securities during the Class Period may, no later than May ...

CLASS ACTION NOTICE: Berger Montague Advises Driven Brands Holdings Inc. (NASDAQ: DRVN) Investors to Inquire About a Securities Fraud Class Action Accessibility StatementSkip Navigation PHILADELPHIA, March 17, 2026 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PCannounces a class action lawsuit against Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") on behalf of investors who purchased or acquired Driven Brands shares during the period from May 9, 2023 through F ...

Core Viewpoint - A class action lawsuit has been filed against Driven Brands Holdings Inc. for allegedly misleading investors about its financial condition during the specified Class Period from May 9, 2023, to February 24, 2026 [1][4]. Company Overview - Driven Brands, headquartered in Charlotte, NC, is the largest automotive services company in North America, offering services such as oil changes, maintenance, collision repair, glass repair, and car wash services through brands like Meineke, Maaco, and Take 5 Oil Change [3]. Legal Allegations - The lawsuit claims that Driven Brands misled investors regarding its financial health, particularly by overstating revenue and cash in prior financial statements, which necessitated restatement [4]. - On February 25, 2026, Driven Brands announced a delay in filing its annual report on Form 10-K for fiscal year 2025 due to "material errors in previously issued financial statements" dating back to 2023 [4]. Market Reaction - Following the disclosure of the financial misstatements, Driven Brands' share price experienced a nearly 40% decline [5].

Core Viewpoint - A class action lawsuit has been filed against Driven Brands Holdings Inc. for allegedly misleading investors regarding its financial condition, leading to significant stock price declines and investor losses [1][4][5]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who acquired Driven Brands shares between May 9, 2023, and February 24, 2026 [1]. - Investors have until May 8, 2026, to seek appointment as lead plaintiff representatives [2]. - The lawsuit claims that Driven Brands misrepresented its financial health, necessitating a restatement of financial statements due to material errors [4]. Group 2: Financial Condition and Impact - Driven Brands announced a delay in filing its annual report for fiscal year 2025 due to "material errors in previously issued financial statements" from 2023 [4]. - The company identified at least ten categories of errors, including overstated revenue and cash [4]. - Following the revelation of these financial discrepancies, Driven Brands' shares fell nearly 40%, resulting in substantial losses for investors [5]. Group 3: Company Overview - Driven Brands, based in Charlotte, North Carolina, is the largest automotive services company in North America, offering services such as oil changes, maintenance, collision repair, glass repair, and car wash services through various brands [3].

Company Overview - Valvoline Inc. is a leader in preventive automotive maintenance, operating approximately 2,100 service centers across the United States and Canada [3] - The company performs over 28 million services annually, including quick oil changes and various maintenance services [3] - Valvoline employs around 11,000 team members focused on business growth, retail network expansion, and future vehicle planning [3] Financial Reporting - Valvoline plans to report its financial results for the fiscal third quarter on August 6, 2025 [1] - A live audio webcast for analysts and investors will take place on the same day at 9 a.m. ET [1] - A replay of the webcast will be available shortly after the call concludes on the company's Investor Relations website [2]

Core Insights - Valvoline Inc. released its FY24 Impact Report, showcasing its contributions to environmental, social, and governance issues during the 2024 fiscal year [1][2] Company Achievements - The company achieved a record-breaking fundraising year for Children's Miracle Network Hospitals and opened its 2000th store, reflecting significant growth and community impact [2] - Valvoline Inc. operates over 2,000 service centers across the U.S. and Canada, completing more than 28 million services annually, including quick oil changes and various maintenance services [4] - The company employs approximately 11,000 team members focused on expanding the business and preparing for future vehicle needs [4] Environmental and Social Initiatives - Valvoline Inc. became an EPA Green Power Partner and was recognized as a Top 30 Retail Partner for its efforts in increasing renewable energy usage [6] - The launch of the "Happy to Help" community impact platform emphasizes youth health and mental well-being, alongside record donations to Children's Miracle Network Hospitals [6] - The company is expanding professional growth and development opportunities for its service center employees as it grows its network [6]