{"id":820541,"date":"2025-03-03T08:44:17","date_gmt":"2025-03-03T13:44:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/grabar-law-office-is-investigating-claims-on-behalf-of-long-term-shareholders-of-driven-brands-holdings-inc-nasdaq-drvn-mercury-systems-inc-nasdaq-mrcy-methode-electronics-inc-nyse-mei\/"},"modified":"2025-03-03T08:44:17","modified_gmt":"2025-03-03T13:44:17","slug":"grabar-law-office-is-investigating-claims-on-behalf-of-long-term-shareholders-of-driven-brands-holdings-inc-nasdaq-drvn-mercury-systems-inc-nasdaq-mrcy-methode-electronics-inc-nyse-mei","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/grabar-law-office-is-investigating-claims-on-behalf-of-long-term-shareholders-of-driven-brands-holdings-inc-nasdaq-drvn-mercury-systems-inc-nasdaq-mrcy-methode-electronics-inc-nyse-mei\/","title":{"rendered":"Grabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Driven Brands Holdings, Inc. (NASDAQ: DRVN); Mercury Systems, Inc. (NASDAQ: MRCY); Methode Electronics, Inc. (NYSE: MEI); and Ocugen, Inc. (NASDAQ: OCGN)"},"content":{"rendered":"
\n

PHILADELPHIA, March 03, 2025 (GLOBE NEWSWIRE) — <\/p>\n

\n
\n Driven Brands Holdings, Inc. (NASDAQ: DRVN) Class Action Survives Motion to Dismiss:<\/u>
\n <\/strong>\n <\/p>\n

Grabar Law Office is investigating claims on behalf of long-term Driven Brands Holdings, Inc. (NASDAQ: DRVN) shareholders.\u00a0The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company.<\/p>\n

\n If you have held Driven Brands (NASDAQ: DRVN) shares continuously since prior to <\/strong>
\n October 27, 2021, you can<\/strong>
\n seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you<\/strong>. Visit <\/strong>https:\/\/grabarlaw.com\/the-latest\/driven-brands-shareholder-investigation\/<\/strong><\/a> or <\/strong>contact Joshua H. Grabar at\u00a0<\/strong>jgrabar@grabarlaw.com<\/u><\/strong><\/a> or call 267-507-6085 <\/strong>to learn more.<\/strong><\/p>\n

\n WHY:<\/strong> An underlying securities fraud class action complaint alleges that Driven Brands, through certain of its officers and directors, made numerous materially false and misleading statements and omissions pertaining to: (i) Driven Brands\u2019 ability to efficiently and effectively integrate a high volume of acquired businesses, including statements related to the status of integrating its U.S. auto glass businesses; and (ii) the performance and competitive position of Driven Brands\u2019 car wash business segment.<\/p>\n

On February 20, 2025, a Federal Court determined that the allegations in the plaintiff\u2019s underlying securities fraud class action complaint were adequately pleaded to survive defendants attempts to dismiss the complaint.<\/p>\n

\n WHAT TO DO NOW:<\/strong> Current Driven Brands shareholders who have held Driven Brands shares since prior to October 27, 2021, can<\/strong> seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.<\/strong> If you would like to learn more about this matter at no cost to you<\/strong>, you are encouraged to visit <\/strong>https:\/\/grabarlaw.com\/the-latest\/driven-brands-shareholder-investigation\/<\/strong><\/a>, contact Joshua H. Grabar at\u00a0jgrabar@grabarlaw.com<\/u><\/a> or call 267-507-6085. $DRVN #DrivenBrands<\/p>\n

\n
\n Mercury Systems, Inc. (NASDAQ: MRCY) Class Action Survives Motion to Dismiss:<\/u>
\n <\/strong>\n <\/p>\n

Grabar Law Office is investigating claims on behalf of Mercury Systems, Inc. (NASDAQ: MRCY) shareholders as securities fraud class action complaint partially survives motion to dismiss<\/strong>.\u00a0The investigation concerns whether certain officers and directors of Mercury Systems have breached their fiduciary duties owed to the company.<\/p>\n

\n Current Mercury Systems shareholders who have held shares since prior to <\/strong>
\n February 3, 2021<\/strong>
\n , <\/strong>
\n can <\/strong>
\n seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever.<\/strong>
\n To learn more or join<\/strong>
\n click here:<\/strong>
\n
\n https:\/\/grabarlaw.com\/the-latest\/mercury-systems-shareholder-investigation\/<\/strong>
\n <\/a>
\n .<\/strong>\n <\/p>\n

\n WHY<\/strong>
\n :<\/strong>
\n A recently filed securities fraud class action complaint has now partially survived defendants\u2019 attempts to dismiss that complaint.<\/strong> The underlying complaint alleges that Mercury Systems, through certain of its officers and directors, used acquisitions and improper revenue recognition practices to mask its inability to grow organically. The complaint further alleges that Defendants repeatedly misled investors to believe that their growth was organic by misrepresenting several elements of Mercury\u2019s business, including by hiding that Mercury had switched from \u201cpoint-in-time\u201d to \u201clong-term contracts\u201d in order to improperly boost reported revenues and that several of Mercury\u2019s projects were in significant distress, including projects related to Mercury\u2019s acquisition of Physical Optics Corporation. Finally, the Complaint alleges Mercury also lied to investors about its strategic growth initiative, 1MPACT, which was designed to improve profit margins but unbeknownst to investors was used to disguise regular expenses as restructuring costs, enabling Mercury to claim that recurring expenses were one-time costs.<\/p>\n

\n On February 20, 2025, a Federal Court determined that certain key allegations in the plaintiff\u2019s underlying securities fraud class action complaint were adequately pleaded to survive defendants attempts to dismiss the complaint. <\/strong>\n <\/p>\n

\n WHAT YOU CAN DO NOW: <\/strong>
\n If you have held Mercury Systems shares since prior to <\/strong>
\n February 3, 2021<\/strong>, and<\/strong> would like to learn more about this matter, you are encouraged to visit <\/strong>https:\/\/grabarlaw.com\/the-latest\/mercury-systems-shareholder-investigation\/<\/strong><\/a>, contact Joshua H. Grabar at\u00a0jgrabar@grabarlaw.com<\/a>, or call us at 267-507-6085. $MRCY #MercurySystems<\/p>\n

\n
\n Methode Electronics, Inc. (NYSE: MEI):<\/u>
\n <\/strong>\n <\/p>\n

Grabar Law Office is investigating claims on behalf of Methode Electronics Inc. (NYSE: MEI) shareholders.\u00a0The investigation concerns whether certain officers of Methode Electronics have breached the fiduciary duties they owed to the company.<\/p>\n

\n Current Methode Electronics, Inc. (NYSE: MEI) shareholders who have held Methode Electronics shares since prior to June 23, 2022<\/strong>, can <\/strong>seek corporate reforms, the return of funds back to the company,<\/strong>and a court approved incentive award – all<\/strong>at no cost to them whatsoever<\/strong>. To learn more visit:<\/strong>https:\/\/grabarlaw.com\/the-latest\/methode-shareholder-investigation\/<\/strong><\/a>, contact Joshua Grabar at\u00a0<\/strong>jgrabar@grabarlaw.com<\/strong><\/a>,<\/u><\/strong> or call 267-507-6085<\/strong>.<\/p>\n

\n Why: <\/strong>A recently filed underlying securities fraud class action complaint alleges that Methode Electronics, via certain of its officers and directors, made false and\/or misleading statements and\/or failed to disclose that: (i) Methode Electronics had lost highly skilled and experienced employees during the COVID-19 pandemic necessary to successfully complete Methode Electronics\u2019 transition from its historic low mix, high volume production model to a high mix, low production model at its Monterrey facility; (ii) Methode Electronics\u2019 attempts to replace its General Motors center console production with more diversified, specialized products for a wider array of vehicle manufacturers and OEMs, in particular in the electric vehicle (\u201cEV\u201d) space, had been plagued by production planning deficiencies, inventory shortages, vendor and supplier problems, and, ultimately, botched execution of Methode Electronics\u2019 strategic plans; (iii) Methode Electronics\u2019 manufacturing systems at its critical Monterrey facility suffered from a variety of logistical defects, such as improper system coding, shipping errors, erroneous delivery times, deficient quality control systems, and failures to timely and efficiently procure necessary raw materials; (iv) Methode Electronics had fallen substantially behind on the launch of new EV programs out of its Monterrey facility, preventing Methode Electronics from timely receiving revenue from new EV program awards; and (v) as a result, Methode Electronics was not on track to achieve the 2023 diluted earnings-per-share guidance or the 3-year 6% organic sales compound annual growth rate represented to investors and such estimates lacked a reasonable factual basis.<\/p>\n

\n Current Methode Electronics shareholders who have held Methode Electronics stock since prior to June 23, 2022<\/strong>, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.<\/p>\n

If you would like to learn more about this matter, you are encouraged to visit https:\/\/grabarlaw.com\/the-latest\/methode-shareholder-investigation\/<\/a>, contact Joshua Grabar at\u00a0jgrabar@grabarlaw.com<\/a>,<\/u> or call 267-507-6085. #Methode #MethodeElectronics $MEI<\/p>\n

\n
\n Ocugen, Inc. (NASDAQ: OCGN):<\/u>
\n <\/strong>\n <\/p>\n

Grabar Law Office is investigating whether officers and directors of Ocugen, Inc. (NASDAQ: OCGN) breached their fiduciary duties owed to the company. <\/strong><\/p>\n

\n If you have held Ocugen shares since prior to May 8, 2020 and would like to learn more about the investigation, your rights, and potential for recovery, please visit <\/strong>
\n
\n https:\/\/grabarlaw.com\/the-latest\/Ocugen-Shareholder-Investigation\/<\/strong>
\n <\/a>
\n , <\/strong>
\n contact Joshua Grabar at <\/strong>
\n
\n jgrabar@grabarlaw.com<\/strong>
\n <\/a>
\n or call 267-507-6085.<\/strong>\n <\/p>\n

\n WHY<\/strong>. After market hours on April 1, 2024, Ocugen filed a Notification of Late Filing on Form 12b-25 with the SEC, stating that “in connection with the preparation of the financial statements of the Company for the year ended December 31, 2023, the Company identified certain accounting errors relating to the application of U.S. GAAP to certain agreements with one of its business partners related to a collaboration agreement. As a result, the Company intends to restate its financial statements for the year ended December 31, 2022 and for each of the first three quarters of 2022 and 2023 in the 2023 Form 10-K, the review and preparation of which is currently ongoing.”<\/p>\n

A recently filed securities fraud class action complaint alleges that Ocugen, via certain of its officers and directors, made materially false and\/or misleading statements and\/or failed to disclose that: (1) Ocugen\u2019s financial statements from May 8, 2020 to the present were materially misstated; (2) Ocugen did not have adequate internal controls; and (3) as a result, Defendants\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all times.<\/p>\n

\n WHAT YOU CAN DO NOW<\/strong>: Current Ocugen shareholders who have held Ocugen shares since prior to May 8, 2020, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.<\/p>\n

\n If you<\/strong>
\n would like to learn more about this matter, you are encouraged to visit <\/strong>
\n
\n https:\/\/grabarlaw.com\/the-latest\/ocugen-shareholder-investigation\/<\/strong>
\n <\/a>
\n , contact us at\u00a0<\/strong>
\n
\n
\n jgrabar@grabarlaw.com<\/u>
\n <\/strong>
\n <\/a>
\n
\n ,<\/u>
\n <\/strong>
\n or call 267-507-6085. <\/strong>$OCGN #Ocugen<\/p>\n

\n Attorney Advertising Disclaimer<\/a>\n <\/p>\n

Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: \u00a0267-507-6085
Email: jgrabar@grabarlaw.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PHILADELPHIA, March 03, 2025 (GLOBE NEWSWIRE) — Driven Brands Holdings, Inc. (NASDAQ: DRVN) Class Action Survives Motion to Dismiss: Grabar Law Office is investigating claims on behalf of long-term Driven Brands Holdings, Inc. (NASDAQ: DRVN) shareholders.\u00a0The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company. If you have held Driven Brands (NASDAQ: DRVN) shares continuously since prior to October 27, 2021, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you. Visit https:\/\/grabarlaw.com\/the-latest\/driven-brands-shareholder-investigation\/ or contact Joshua H. Grabar at\u00a0jgrabar@grabarlaw.com or call 267-507-6085 to learn more. WHY: An underlying securities fraud class action complaint alleges that Driven Brands, through … <\/p>\n

Continue reading “Grabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Driven Brands Holdings, Inc. (NASDAQ: DRVN); Mercury Systems, Inc. (NASDAQ: MRCY); Methode Electronics, Inc. (NYSE: MEI); and Ocugen, Inc. (NASDAQ: OCGN)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-820541","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGrabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Driven Brands Holdings, Inc. (NASDAQ: DRVN); Mercury Systems, Inc. (NASDAQ: MRCY); Methode Electronics, Inc. (NYSE: MEI); and Ocugen, Inc. (NASDAQ: OCGN) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/grabar-law-office-is-investigating-claims-on-behalf-of-long-term-shareholders-of-driven-brands-holdings-inc-nasdaq-drvn-mercury-systems-inc-nasdaq-mrcy-methode-electronics-inc-nyse-mei\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Driven Brands Holdings, Inc. (NASDAQ: DRVN); Mercury Systems, Inc. (NASDAQ: MRCY); Methode Electronics, Inc. (NYSE: MEI); and Ocugen, Inc. (NASDAQ: OCGN) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 03, 2025 (GLOBE NEWSWIRE) — Driven Brands Holdings, Inc. (NASDAQ: DRVN) Class Action Survives Motion to Dismiss: Grabar Law Office is investigating claims on behalf of long-term Driven Brands Holdings, Inc. (NASDAQ: DRVN) shareholders.\u00a0The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company. If you have held Driven Brands (NASDAQ: DRVN) shares continuously since prior to October 27, 2021, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you. Visit https:\/\/grabarlaw.com\/the-latest\/driven-brands-shareholder-investigation\/ or contact Joshua H. Grabar at\u00a0jgrabar@grabarlaw.com or call 267-507-6085 to learn more. WHY: An underlying securities fraud class action complaint alleges that Driven Brands, through … Continue reading "Grabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Driven Brands Holdings, Inc. (NASDAQ: DRVN); Mercury Systems, Inc. (NASDAQ: MRCY); Methode Electronics, Inc. (NYSE: MEI); and Ocugen, Inc. 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(NASDAQ: DRVN) Class Action Survives Motion to Dismiss: Grabar Law Office is investigating claims on behalf of long-term Driven Brands Holdings, Inc. (NASDAQ: DRVN) shareholders.\u00a0The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company. If you have held Driven Brands (NASDAQ: DRVN) shares continuously since prior to October 27, 2021, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you. Visit https:\/\/grabarlaw.com\/the-latest\/driven-brands-shareholder-investigation\/ or contact Joshua H. Grabar at\u00a0jgrabar@grabarlaw.com or call 267-507-6085 to learn more. WHY: An underlying securities fraud class action complaint alleges that Driven Brands, through … Continue reading \"Grabar Law Office is Investigating Claims on Behalf of Long-Term Shareholders of Driven Brands Holdings, Inc. (NASDAQ: DRVN); Mercury Systems, Inc. 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