Driven Brands Holdings, Inc. (NASDAQ: DRVN)

This lawsuit is for anyone who acquired securities in Driven Brands Holdings, Inc. (NASDAQ: DRVN) from May 9, 2023 through February 24, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had proper controls in place to prevent improper accounting when the Company lacked such controls.

On February 25, 2025, Driven Brands disclosed “material errors in [the Company’s] previously issued consolidated financial statements” dating back to 2023. As such, its “financial statements should not be relied upon and required restatement.” The Company disclosed errors which included: “inappropriately recognized revenue,” “unreconciled differences for cash accounts,” overstatement of expenses, and issues with the “completeness and accuracy of recording leases.”  The Company noted it “may identify further material errors.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Driven Brands Holdings, Inc. (NASDAQ: DRVN) from May 9, 2023 through February 24, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.