Los Angeles, California–(Newsfile Corp. – January 15, 2024) – The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Driven Brands Holdings Inc. (“Driven Brands” or “the Company”) (NASDAQ: DRVN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between October 27, 2021 and August 1, 2023, inclusive (the ”Class Period”), are encouraged to contact the firm before February 20, 2024.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Driven Brands touted its ability to integrate acquisitions as a “core strength” and claimed it had made “significant progress” in integrating its auto glass acquisitions. The Company also calmed its car wash business would serve as a “competitive moat” to protect its other businesses. Despite these claims, the Company missed expectations for the second quarter of 2023 including disappointing results for the Paint, Collision and Glass and Car Wash business segments. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Driven Brands, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194237