NEW YORK, NY - March 12, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) on behalf of investors that purchased or otherwise acquired Driven Brands common stock between May 9, 2023 and February 24, 2026 (the “Class Period”).
If you are an investor in Driven Brands and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than May 8, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On February 25, 2026, Driven Brands disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission (“SEC”) that “the Audit Committee of the Board of Directors, after consultation with the Company’s management, concluded there were material errors” in the Company’s previously issued financial statements for the fiscal years ending December 31, 2023 and December 28, 2024 as well as quarterly and year-to-date periods. Additionally, the SEC filing states that those financial statement “should not be relied upon and required restatement” and that “the Report of our Independent Registered Public Accounting Firm on the financial statements and internal control over financial reporting should not be relied upon.”
Following this news, the price of Driven Brands common stock declined $5.01 per share, about 30%, to close at $11.60 per share on February 25, 2026.
The complaint alleges, that throughout the Class Period, “Defendants misled investors as to the Company’s financial condition and the effectiveness of its internal controls over financial reporting through a series of inaccurate financial reports” filed with the SEC. Further, the complaint alleges, “among many other errors, the Company’s balance sheets contained an unreconciled cash balance originating in 2023 which resulted in revenue and cash being overstated in 2023 and 2024, and operating expenses being understated over the same period.”
Following this news, “Driven Brands’ stock declined nearly 40% on this news, from a close of $16.61 per share on February 24, 2026, to an opening price of $9.99 per share on February 25, 2026.”
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/driven-brands-shareholder-alert-learn-more-now/
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