Driven Brands Faces Class Action Lawsuit Over Financial Restatements
Driven Brands Holdings Inc. (NASDAQ:DRVN) is facing a class action lawsuit due to financial restatements caused by material accounting errors from 2023 to 2025. The company announced the restatements on February 25, 2026, leading to a 39% drop in its stock price. The lawsuit alleges securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Tickers: $DRVN
Topics: class action lawsuit financial restatements material accounting errors securities fraud stock price drop