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Rosen Law Firm Encourages Driven Brands Investors to Seek Lead Plaintiff Role
Lawsuit alleges material weaknesses in Driven Brands' financial reporting led to errors and need for restatements.
Apr. 19, 2026 at 3:06pm
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A legal case over financial reporting irregularities exposes the high stakes for investors seeking accountability from public companies.NYC TodayThe Rosen Law Firm, a global investor rights law firm, is reminding purchasers of Driven Brands Holdings Inc. (NASDAQ: DRVN) common stock between May 3, 2023 and February 24, 2026 that they may be entitled to compensation through a class action lawsuit. The firm alleges that Driven Brands made false and/or misleading statements about material weaknesses in its internal controls over financial reporting, leading to material errors in its financial statements for fiscal years 2023 and 2024 as well as the first three quarters of 2023.
Why it matters
This case highlights the importance of accurate financial reporting and internal controls for publicly traded companies. Investors rely on the integrity of a company's financials when making investment decisions, and material misstatements can lead to significant losses. The Rosen Law Firm is seeking to represent investors who may have been harmed by Driven Brands' alleged actions.
The details
According to the lawsuit, Driven Brands failed to disclose that it had material weaknesses in its internal controls over financial reporting. As a result, the company's financial statements for fiscal years 2023 and 2024, as well as the first three quarters of 2023, contained material errors and were unreliable, requiring restatement. The lawsuit claims that when the true details entered the market, investors suffered damages.
- The class period is from May 3, 2023 to February 24, 2026, inclusive.
- The lead plaintiff deadline is May 8, 2026.
The players
Rosen Law Firm
A global investor rights law firm that represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation.
Driven Brands Holdings Inc.
A publicly traded company (NASDAQ: DRVN) that provides automotive services and products.
What they’re saying
“Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Driven Brands Holdings Inc. (NASDAQ: DRVN) between May 3, 2023 and February 24, 2026, both dates inclusive (the 'Class Period'), of the important May 8, 2026 lead plaintiff deadline.”
— Laurence Rosen, Founding Partner, Rosen Law Firm
What’s next
Investors who purchased Driven Brands stock during the class period have until May 8, 2026 to move the court to serve as lead plaintiff in the class action lawsuit.
The takeaway
This case underscores the need for public companies to maintain robust internal controls and accurate financial reporting. Investors who relied on Driven Brands' allegedly misleading statements may be entitled to compensation, highlighting the importance of shareholder rights and the role of class actions in holding companies accountable.
