Press release
Investigation announced for Long-Term Investors in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) over potential Wrongdoing
An investigation on behalf of current long term investors in Driven Brands Holdings Inc. (NASDAQ: DRVN) shares.
Investors who are current long term investors in Driven Brands Holdings Inc. (NASDAQ: DRVN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: DRVN stocks follows a lawsuit filed against Driven Brands Holdings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DRVN stocks, concerns whether certain Driven Brands Holdings Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Western District of North Carolina the plaintiff alleges that
the defendants made false and/or misleading statements and/or failed to disclose that Driven Brands was at least "several quarters" behind on integrating the auto glass business it had acquired and Driven Brands' car wash business was more exposed to the negative impacts from a decline in demand from retail customers than it represented to investors.
Those who purchased shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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