{"id":944632,"date":"2026-03-16T11:19:04","date_gmt":"2026-03-16T15:19:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/"},"modified":"2026-03-16T11:19:04","modified_gmt":"2026-03-16T15:19:04","slug":"shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/","title":{"rendered":"Shareholders who lost money in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) should contact Wolf Haldenstein immediately"},"content":{"rendered":"<h2>\nLead Plaintiff Deadline is May 8, 2026<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  16, 2026  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lSj_EMkqweXOvLQg6ZVQYJon-pKPv948fqEfGkLHHWI6_VGJLC5htk_E3giOArViTzzV8JS2YPfKovxMxa_zk7NvQVYcD9n8D8hGHcjmFsVgKN1wOS2pr0ZWI-we7n22NUN3T7QO0IqVnuVevpJbf8vdk1Azb9OMvar_kjhzRoE=\" rel=\"nofollow\" target=\"_blank\">Wolf Haldenstein Adler Freeman &amp; Herz LLP<\/a> announces\u00a0that a securities class action lawsuit has been filed against <strong>Driven Brands Holdings Inc. (NASDAQ: DRVN) (\u201cDriven or the \u201cCompany\u201d) <\/strong>and certain of its officers on behalf of investors who purchased or otherwise acquired Driven securities between May 9, 2023 and February 24, 2026, inclusive (the \u201cClass Period\u201d). Investors have until May 8, 2026, to seek appointments as lead plaintiff.<\/p>\n<p align=\"center\">\n        <strong>PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION<\/strong>\n      <\/p>\n<p>\n        <strong>Core Allegations<\/strong>\n      <\/p>\n<p>The complaint alleges that Driven Brands and certain executives made materially false or misleading statements and failed to disclose significant accounting errors affecting the company\u2019s financial statements during the class period.<\/p>\n<p>Specifically, the lawsuit claims defendants failed to disclose:<\/p>\n<ol style=\"list-style-type:decimal\">\n<li style=\"margin-bottom:8pt\">\n          <strong>Lease Accounting Errors<\/strong><\/p>\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt\">Errors in recording leases affecting <strong>right-of-use assets and lease liabilities<\/strong> in the balance sheet for:\n<ul type=\"square\">\n<li style=\"margin-bottom:8pt\">Fiscal year ended <strong>December 28, 2024<\/strong><\/li>\n<li style=\"margin-bottom:8pt\">Quarter ended <strong>September 27, 2025<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Cash Flow and Balance Errors<\/strong><\/p>\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt\">Misreporting of <strong>opening and ending cash balances<\/strong> and <strong>operating cash flows<\/strong>, which allegedly resulted in:\n<ul type=\"square\">\n<li style=\"margin-bottom:8pt\"><strong>Overstated cash balances<\/strong><\/li>\n<li style=\"margin-bottom:8pt\"><strong>Overstated revenue<\/strong><\/li>\n<li style=\"margin-bottom:8pt\"><strong>Understated selling, general and administrative (SG&amp;A) expenses<\/strong><\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt\">These issues affected fiscal <strong>2023 and 2024<\/strong> financial statements.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Expense Misclassification<\/strong><\/p>\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt\">Certain <strong>supply and other expenses<\/strong> were improperly classified as <strong>company-operated store expenses<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt\">\n          <strong>Additional Accounting Errors<\/strong><br \/>\n          <br \/>The company allegedly identified multiple other accounting issues, including errors related to:  <\/p>\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt\">Income tax provisions<\/li>\n<li style=\"margin-bottom:8pt\">Supply and other revenue recognition<\/li>\n<li style=\"margin-bottom:8pt\">Fixed assets<\/li>\n<li style=\"margin-bottom:8pt\">Cloud computing accounting<\/li>\n<li style=\"margin-bottom:8pt\">Lease cash applications<\/li>\n<li style=\"margin-bottom:8pt\">Balance sheet and income statement classifications<\/li>\n<li style=\"margin-bottom:8pt\">Revenue recognition in the <strong>ATI business<\/strong>, primarily in fiscal <strong>2025<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p>\n        <strong>Corrective Disclosure<\/strong>\n      <\/p>\n<p>On <strong>February 25, 2026<\/strong>, Driven Brands announced that its <strong>Audit Committee determined prior financial statements contained material errors<\/strong> and should <strong>no longer be relied upon<\/strong>, requiring <strong>restatement<\/strong> of:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">Fiscal year <strong>2023<\/strong><\/li>\n<li style=\"margin-bottom:8pt\">Fiscal year <strong>2024<\/strong><\/li>\n<li style=\"margin-bottom:8pt\">Multiple <strong>2024 and 2025 quarterly filings<\/strong>.\n<\/li>\n<\/ul>\n<p>The company also disclosed it would <strong>delay the release of its FY2025 and Q4 2025 results<\/strong>.<\/p>\n<p>\n        <strong>Market Reaction<\/strong>\n      <\/p>\n<p>Following the announcement:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">Driven Brands\u2019 stock price <strong>fell approximately 30%<\/strong> in a single trading session.\n<\/li>\n<\/ul>\n<p>Investors who suffered losses have until <strong>May 8, 2026<\/strong> to seek appointment as <strong>lead plaintiff<\/strong>.<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=103fhsai9xHXZAg55osb8aD-kzbMkSi8SOSmqZ0rYoGtDK5TkTgtLwpru6OSGFybJeU7YegMoWmtuPiCuoQzCoz76xO71S7yHYMVGn7ryZsHU4vao2D3dHh94niTahaP5DEiXw0cKcM5Z_0Wudmk9LCc3ORl4ekN-BgOYPJbH_JwzKZbEPeHW0U4ytAQQIo_\" rel=\"nofollow\" target=\"_blank\">Why\u00a0<strong>Wolf Haldenstein Adler Freeman &amp; Herz LLP?<\/strong>:<\/a>\n      <\/p>\n<p align=\"justify\">This illustrious <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kkMIvssGvMKxfL7MiR0xAWwmP2fctPdiKtOPQO6nGL83FijZBTve1shXE3ydznqJo8Z99OslTxHF0eVnkfRtP1-mmyvPkV-Fffs4VKhKVnc7i58KigYq2ysshOlKW3R5\" rel=\"nofollow\" target=\"_blank\">firm,<\/a> founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ltMww3hN5Q8EzyTTYs_U2jMi7r-eUY_3X0kiHU_iI71pTqlj4Zk1VEbC2BxJx-JBU2D5gbKVVSV-DVYCDhj-5z2goXOJcA1Az30DylogrIPcrvTE1g2yqtRiQ1sKIHwR\" rel=\"nofollow\" target=\"_blank\">law firm <\/a>brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.<\/p>\n<p align=\"justify\">We encourage all investors who have been affected or have information that will assist in our investigation, to contact\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lSj_EMkqweXOvLQg6ZVQYJon-pKPv948fqEfGkLHHWI6_VGJLC5htk_E3giOArVipY7cVn3rAwFh6GFxlbHGs_LK8vw01ULWfF98TMW_w9pi3NeSnoBrSZvgSVa3a8fixZTOWGBxXH69MJKKDIjGWgNlN5hhk76HTTgRWDD3eao=\" rel=\"nofollow\" target=\"_blank\">Wolf Haldenstein Adler Freeman &amp; Herz LLP.<\/a><\/p>\n<p align=\"justify\">\n        <strong>Contact:<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:5pt;margin-bottom:5pt\">\n          <strong>Phone:<\/strong>\u00a0(800) 575-0735 or (212) 545-4774<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt\">\n          <strong>Email:\u00a0<\/strong><br \/>\n          <a href=\"mailto:classmember@whafh.com\" rel=\"nofollow\" target=\"_blank\">classmember@whafh.com<\/a>\n        <\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt\">\n          <strong>Contact Person:<\/strong>\u00a0<a href=\"mailto:gstone@whafh.com\" rel=\"nofollow\" target=\"_blank\">Gregory Stone, Director of Case and Financial Analysis<\/a><\/p>\n<\/li>\n<\/ul>\n<p>\n        <strong>Firm Website:<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lSj_EMkqweXOvLQg6ZVQYJon-pKPv948fqEfGkLHHWI6_VGJLC5htk_E3giOArViQn740eKVBe-zXVWRBfp65QdNGfY4_CozNgyDF18BHmriAuyMILqYxB5G2lZIvGZguUiN1rylrsRwABFB5iWH3NaUGamjgJog0vq_XmUfGlc=\" rel=\"nofollow\" target=\"_blank\">Wolf Haldenstein Adler Freeman &amp; Herz LLP<\/a>\n      <\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY3MjQyNiM3NDg2NDQ1IzIwMTc2NzI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NjkwYjYyM2YtYWJhYi00ODEwLWI3MTAtMGQxNWNiMWJmMDA1LTEwMjkyNDItMjAyNi0wMy0xNi1lbg==\/tiny\/Wolf-Haldenstein-Adler-Freeman.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lead Plaintiff Deadline is May 8, 2026 NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces\u00a0that a securities class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) (\u201cDriven or the \u201cCompany\u201d) and certain of its officers on behalf of investors who purchased or otherwise acquired Driven securities between May 9, 2023 and February 24, 2026, inclusive (the \u201cClass Period\u201d). Investors have until May 8, 2026, to seek appointments as lead plaintiff. PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION Core Allegations The complaint alleges that Driven Brands and certain executives made materially false or misleading statements and failed to disclose significant accounting errors affecting the company\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Shareholders who lost money in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) should contact Wolf Haldenstein immediately&#8221;<\/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-944632","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shareholders who lost money in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) should contact Wolf Haldenstein immediately - 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\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholders who lost money in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) should contact Wolf Haldenstein immediately - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lead Plaintiff Deadline is May 8, 2026 NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces\u00a0that a securities class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) (\u201cDriven or the \u201cCompany\u201d) and certain of its officers on behalf of investors who purchased or otherwise acquired Driven securities between May 9, 2023 and February 24, 2026, inclusive (the \u201cClass Period\u201d). Investors have until May 8, 2026, to seek appointments as lead plaintiff. PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION Core Allegations The complaint alleges that Driven Brands and certain executives made materially false or misleading statements and failed to disclose significant accounting errors affecting the company\u2019s &hellip; Continue reading &quot;Shareholders who lost money in shares of Driven Brands Holdings Inc. 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(NASDAQ: DRVN) should contact Wolf Haldenstein immediately - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/","og_locale":"en_US","og_type":"article","og_title":"Shareholders who lost money in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) should contact Wolf Haldenstein immediately - Market Newsdesk","og_description":"Lead Plaintiff Deadline is May 8, 2026 NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces\u00a0that a securities class action lawsuit has been filed against Driven Brands Holdings Inc. (NASDAQ: DRVN) (\u201cDriven or the \u201cCompany\u201d) and certain of its officers on behalf of investors who purchased or otherwise acquired Driven securities between May 9, 2023 and February 24, 2026, inclusive (the \u201cClass Period\u201d). Investors have until May 8, 2026, to seek appointments as lead plaintiff. PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION Core Allegations The complaint alleges that Driven Brands and certain executives made materially false or misleading statements and failed to disclose significant accounting errors affecting the company\u2019s &hellip; Continue reading \"Shareholders who lost money in shares of Driven Brands Holdings Inc. (NASDAQ: DRVN) should contact Wolf Haldenstein immediately\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/","og_site_name":"Market Newsdesk","article_published_time":"2026-03-16T15:19:04+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY3MjQyNiM3NDg2NDQ1IzIwMTc2NzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-of-driven-brands-holdings-inc-nasdaq-drvn-should-contact-wolf-haldenstein-immediately-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Shareholders who lost money in shares of Driven Brands Holdings Inc. 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