Driven Brands Securities Case Expands Class Period as Lead-Plaintiff Deadline Nears

Overview

• A related complaint by Hagens Berman now covers purchases from May 3, 2023 to February 24, 2026, with a May 8, 2026 cutoff to seek lead-plaintiff status.
• The complaints cite widespread accounting errors in lease entries, cash and operating cash flow reporting, expense classification, income taxes, fixed assets, cloud computing costs, and revenue in the ATI unit.
• The suits follow Driven Brands’ February 25, 2026 disclosure that prior financial statements for 2023, 2024 and several 2025 quarters were unreliable and would be restated.
• The company has not yet filed the restatements and has told investors its 2025 annual report is delayed and its reporting controls were not effective.
• Following those announcements over February 25–27, the stock fell about one third and notices estimate more than $900 million in market value was erased.