NEW YORK, April 03, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ:DRVN) investors of the May 8, 2026 lead plaintiff deadline to seek lead plaintiff appointment in the class action filed on behalf of investors who acquired Driven Brands securities between May 9, 2023 through February 24, 2026 (“the Class Period”).
Courts do not consider applications filed after the lead plaintiff deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.
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What Is The Lawsuit About?
The lawsuit alleges that the Company misled investors as to its financial condition and the effectiveness of its internal controls over financial reporting through a series of inaccurate financial reports filed with the U.S. Securities and Exchange Commission. Among 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.
On February 25, 2026, Driven Brands announced it would be restating certain previously issued financial results after determining those reports contained material errors. On this news, the price of Driven Brands shares declined by $5.01 per share, or approximately 30.2%, from $16.61 per share on February 24, 2026 to close at $11.60 on February 25, 2026.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
What Should I Do?
If you purchased or otherwise acquired Driven Brands securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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Contacts
Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
investigations@kmllp.com
