Law Offices of Howard G. Smith announces an investigation on behalf of Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN DRIVEN BRANDS HOLDINGS INC. (DRVN), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On February 25, 2025, Driven Brands disclosed “material errors in [the Company’s] previously issued consolidated financial statements” dating back to 2023. As such, its “financial statements should not be relied upon and required restatement.”
The Company disclosed errors which included: “inappropriately recognized revenue,” “unreconciled differences for cash accounts,” overstatement of expenses, and issues with the “completeness and accuracy of recording leases.” The Company noted it “may identify further material errors.”
On this news, Driven Brands’ stock price fell $5.01, or 30.2%, to close at $11.60 per share on February 25, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Driven Brands securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226096214/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com