Driven Brands Holdings Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before February 20, 2024 to Discuss Your Rights - DRVN

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Driven Brands Holdings Inc.

Shareholders who purchased shares of DRVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/driven-brands-holdings-inc-loss-submission-form/?id=67018&from=4

CLASS PERIOD: October 27, 2021 to August 1, 2023

ALLEGATIONS: According to the filed complaint, defendants repeatedly touted Driven's ability to execute and integrate acquisitions as a "core strength," and assured investors that the Company had made "significant progress" integrating the auto glass businesses it had acquired. Driven also represented that the large scale of its car wash business served as a "competitive moat" that would preserve Driven's competitive position. While Driven acknowledged some "softness" in customer demand for its car wash business segment, the Company downplayed that issue and pointed investors to the growth of its car wash subscriptions, which Driven labeled as the "Holy Grail" in the car wash business.

DEADLINE: February 20, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/driven-brands-holdings-inc-loss-submission-form/?id=67018&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of DRVN during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 20, 2024. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

SOURCE Gross Law Firm