{"id":2561,"date":"2026-05-07T23:26:00","date_gmt":"2026-05-07T21:26:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=817953f2edb0bfb5ef9d11fe9bc01b44"},"modified":"2026-05-07T23:26:00","modified_gmt":"2026-05-07T21:26:00","slug":"deadline-soon-driven-brands-holdings-inc-drvn-shareholders-who-lost-money-urged-to-contact-the-law-offices-of-frank-r-cruz-about-securities-fraud-lawsuit","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=2561","title":{"rendered":"Deadline Soon: Driven Brands Holdings Inc. (DRVN) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit"},"content":{"rendered":"

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz<\/a> reminds investors of the upcoming May 8, 2026 <\/b>deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Driven Brands Holdings Inc. (\u201cDriven Brands\u201d or the \u201cCompany\u201d) (NASDAQ: DRVN<\/a>) common stock between May 3, 2023 and February 24, 2026<\/b>, inclusive (the \u201cClass Period\u201d).<\/p><\/a><\/a>

\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON DRIVEN BRANDS HOLDINGS INC. (DRVN), CLICK <\/b>HERE<\/b><\/a> TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.<\/b><\/p>

\nWhat Happened?<\/b><\/p>

\nOn February 25, 2025, Driven Brands disclosed \u201cmaterial errors in [the Company\u2019s] previously issued consolidated financial statements\u201d dating back to 2023. As such, its \u201cfinancial statements should not be relied upon and required restatement.\u201d<\/p>

\nThe Company disclosed at least ten different categories of errors which included: \u201cinappropriately recognized revenue,\u201d \u201cunreconciled differences for cash accounts,\u201d overstatement of expenses, and issues with the \u201ccompleteness and accuracy of recording leases.\u201d The Company noted it \u201cmay identify further material errors.\u201d<\/p>

\nOn this news, Driven Brands\u2019 stock price fell $5.01, or 30.2%, to close at $11.60 per share on February 25, 2026, thereby injuring investors.<\/p>

\nWhat Is The Lawsuit About?<\/b><\/p>

\nThe complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) there were errors relating to the recording of leases which primarily impacted the right of use assets and right of use liabilities recorded in the consolidated balance sheet as of December 28, 2024, and September 27, 2025; (2) there were errors in reporting opening and ending cash balances and operating cash flows, which resulted in overstatements of cash and revenue and understatement of selling, general and administrative expense in consolidated statement of operations for fiscal years 2023 and 2024; (3) supply and other expenses were improperly presented as company-operated store expenses in fiscal years 2023 and 2024; (4) other errors were identified relating to income tax provision, supply and other revenue, fixed assets, cloud computing, lease cash applications, and balance sheet and income statement misclassifications; (6) the Company improperly recognized revenue in Driven Brands\u2019 ATI business; and (7) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>

\nIf you purchased or otherwise acquired Driven Brands common stock between May 3, 2023 and February 24, 2026, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is May 8, 2026 .<\/b><\/p>

\nContact Us To Participate or Learn More:\n<\/b>If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:\nFrank R. Cruz\nThe Law Offices of Frank R. Cruz,\n2121 Avenue of the Stars, Suite 800,\nCentury City, California 90067\nEmail us at: info@frankcruzlaw.com<\/a>Call us at: 310-914-5007\nVisit our website at www.frankcruzlaw.com<\/a>Follow us for updates on Twitter: twitter.com\/FRC_LAW<\/a><\/p>

\nIf you inquire by email, please include your mailing address, telephone number, and number of shares purchased.<\/p>

\nTo be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p> Contacts<\/b>

\nContact Us:<\/b>The Law Offices of Frank R. Cruz, Los Angeles\nFrank R. Cruz, 310-914-5007\nfcruz@frankcruzlaw.com<\/a>www.frankcruzlaw.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz reminds investors of the upcoming May 8, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Driven Brand…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2561","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2561"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2561\/revisions"}],"predecessor-version":[{"id":2562,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2561\/revisions\/2562"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}