LAWSUIT UPDATE: Driven Brands Holdings Inc. (NASDAQ: DRVN) Investors Who Continue to Hold Shares Should Contact the Shareholders Foundation
LAWSUIT UPDATE: Driven Brands Holdings Inc. (NASDAQ: DRVN) Investors Who Continue to Hold Shares Should Contact the Shareholders Foundation
PR Newswire
SAN DIEGO, Oct. 29, 2026
SAN DIEGO, Oct. 29, 2026 /PRNewswire/ -- The Shareholders Foundation, Inc. announces an update in the lawsuit filed on behalf of certain investors in Driven Brands Holdings Inc. (NASDAQ: DRVN).
NOTICE: Investors who purchased Driven Brands Holdings Inc. (NASDAQ: DRVN) shares before May 2023 and continue to hold any of those shares may have certain legal options. These investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
On April 8, 2026, an investor filed a lawsuit against Driven Brands Holdings Inc. alleging violations of securities laws. The lawsuit seeks to recover losses on behalf of certain investors in NASDAQ: DRVN shares.
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material information regarding accounting errors and financial reporting practices at Driven Brands.
Specifically, the complaint alleges that:
- Errors in lease accounting primarily affected the right-of-use assets and lease liabilities reported on the company's consolidated balance sheets as of December 28, 2024, and September 27, 2025.
- Errors in reporting opening and ending cash balances and operating cash flows resulted in alleged overstatements of cash and revenue and an understatement of selling, general and administrative expenses in the consolidated statements of operations for fiscal years 2023 and 2024.
- Supply and other expenses were allegedly misclassified as company-operated store expenses in fiscal years 2023 and 2024.
- Additional errors allegedly involved the income tax provision, supply and other revenue, fixed assets, cloud computing, lease cash applications, and balance sheet and income statement classifications.
- Revenue in Driven Brands' ATI business was allegedly recognized improperly, primarily relating to fiscal year 2025.
An amended complaint was filed on August 10, 2026.
Investors who purchased Driven Brands Holdings Inc. (NASDAQ: DRVN) shares should contact the Shareholders Foundation, Inc. to learn more about their potential options.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE Shareholders Foundation, Inc.
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