Driven Brands Investors Face May 8 Deadline to Seek Lead Plaintiff in Securities Suit

Overview

• Notices published Friday and Saturday from multiple shareholder firms highlight a May 8, 2026 deadline for Driven Brands investors to ask the court to serve as lead plaintiff.
• The case, Clark v. Driven Brands Holdings Inc. (No. 1:26-cv-01902) in the Southern District of New York, seeks losses for buyers of DRVN shares from May 9, 2023 through February 24, 2026.
• The lawsuit follows the company’s February 25, 2026 disclosure of multiple material accounting errors in 2023–2024 and several 2025 quarters and a delay of its 2025 annual report.
• Allegations detail lease accounting mistakes, unreconciled cash and operating cash flows, misclassified expenses, errors in taxes and fixed assets, and improper revenue recognition in the ATI business.
• Shares dropped nearly 40% after the disclosure, and the litigation remains at an early stage with no class certified while Driven Brands works to restate past financials.