Investigation announced for Long-Term Investors in Driven Brands Holdings Inc. (NASDAQ: DRVN) over potential Wrongdoing

An investigation was announced for long-term investors in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) concerning potential breaches of fiduciary duties by certain directors and officers of Driven Brands Holdings Inc.

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.

Charlotte, NC based Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. Driven Brands Holdings Inc. (NASDAQ: DRVN) reported that its annual Total Revenue rose from over $2.3 billion in 2023 to over $2.33 billion in 2024, and that its Net Loss declined from $744.96 million in 2023 to $292.49 million in 2024.

On February 25, 2026, Driven Brands Holdings Inc. disclosed that its Audit Committee of the Board of Directors "concluded there were material errors in our previously issued consolidated financial statements for the fiscal year ended December 28, 2024 ('fiscal year 2024') and the fiscal year ended December 30, 2023 ('fiscal year 2023') contained in the Company's Annual Report on Form 10-K for the fiscal year 2024, and in our previously issued unaudited condensed consolidated financial statements for each of the quarterly and year-to-date periods within fiscal year 2024 as well as the quarterly and year-to-date periods for the periods ended September 27, 2025, June 28, 2025 and March 29, 2025, and concluded that such financial statements should not be relied upon and required restatement."

Shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) declined from $28.51 per share on May 15, 2023, to as low as $10.03 per share on March 11, 2026.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 9, 2023 and February 24, 2026, the defendants made false and/or misleading statements and/or failed to disclose that there were errors relating to the recording of leases which primarily impacted the right of use assets and right of use liabilities recorded in the consolidated balance sheet as of December 28, 2024, and September 27, 2025, that there were errors in reporting opening and ending cash balances and operating cash flows, which resulted in overstatements of cash and revenue and understatement of selling, general and administrative expense in consolidated statement of operations for fiscal years 2023 and 2024, that supply and other expenses were improperly presented as company-operated store expenses in fiscal years 2023 and 2024, and that other errors were identified relating to income tax provision, supply and other revenue, fixed assets, cloud computing, lease cash applications, balance sheet and income statement misclassifications, improperly recognized revenue in Driven Brands' ATI business primarily related to fiscal year 2025.

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.

This release was published on openPR.