Driven Brands Investors Sought for Lead Role in Securities Case Over Accounting Errors

Overview

• Plaintiff firms issued new notices Monday recruiting Driven Brands shareholders to seek lead-plaintiff status before a May 8, 2026 deadline.
• The suit, Clark v. Driven Brands Holdings Inc., No. 1:26-cv-01902, is filed in the Southern District of New York and covers buyers of DRVN stock from May 9, 2023 through February 24, 2026.
• The complaints say the company misstated key figures by misrecording leases and cash flows, which overstated revenue and cash and understated selling, general and administrative costs.
• Filings cite errors tied to consolidated balance sheets dated December 28, 2024 and September 27, 2025, plus other issues in taxes, fixed assets, cloud computing, and revenue in the ATI unit.
• Driven Brands said on February 25 it will restate 2023–2024 results and parts of 2025, reported weak internal controls, delayed its 2025 annual report, and saw shares fall nearly 40% that day.